A New-Product Development Approach in Which One Company Department Works

question 73

Short Answer

A new-product development approach in which one company department works individually to complete its stage of the process before passing the new product along to the next department and stage is known as ________ product development.

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Definitions:

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Agriculture Sectors

Different divisions within the agricultural industry, each focusing on various aspects of crop and livestock production, processing, and distribution.

Productivity

The efficiency of production, measured as the amount of output produced per unit of input used.

Little Capital

A term referring to businesses or investments that require a relatively small amount of money to start or maintain.