Which of the Following Is a Disadvantage of a Team-Based

question 22

Multiple Choice

Which of the following is a disadvantage of a team-based approach to new product development?

• A) It takes longer for the development of a new product.
• B) The development effort is not as effective because of employee inexperience.
• C) It decreases the efficiency of the new product development process.
• D) It results in organizational confusion and tension.
• E) The process does not work with the shorter life cycles of many of today's products.

---

Definitions:

Price Discount

A reduction from the usual cost of an item or service, used as a strategy to increase customer purchases or reduce inventory.

Anticipation Inventory

Stocks held in anticipation of customer demand, allowing companies to meet consumer needs without delay.

Larger Quantities

Refers to the acquisition or production of goods or services in high volumes, typically achieving economies of scale.

Market Approach

A method used to value a business or asset based on the price at which similar companies or assets have been sold.