Which of the Following Best Describes the Role of a Product

question 86

Multiple Choice

Which of the following best describes the role of a product steward?

• A) to protect employees and laborers from harm
• B) to evaluate new-product ideas against a set of general criteria
• C) to develop a new-product concept into a physical product
• D) to protect the company from liability by proactively ferreting out potential product problems
• E) to decide whether to maintain, harvest, or drop the product in the decline stage of the PLC

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Definitions:

Net Present Value

A calculation that compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.

Capital Budgeting

The process of making investment decisions in long-term assets and projects, often involving analysis of their cash flows.

Straight-Line Depreciation

A method for dispersing the expense of a physical asset over its viable life in regular yearly sums.

Cash Flow

The total amount of money being transferred into and out of a business, particularly in terms of liquidity and financial stability.