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

question 1

Multiple Choice

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

• A)It takes longer to get the right products to market.
• B)The development effort is not as effective because of team members' lack of expertise.
• C)Levels of risk can be more easily controlled.
• D)Organisational confusion and tension can affect the process.
• E)The process does not work with the shorter life-cycles of many of today's products.

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Definitions:

Long-run Cost Function

The relationship between output quantity and total cost when all inputs, particularly capital, can be varied to minimize cost.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit changes with increased production.

Lease Price

The amount of money paid for the temporary use of a good, property, or piece of equipment.

Optimal Output

The level of production that maximizes a firm's profit or minimizes its cost under given conditions.