In an Entrepreneurial Team,who Is Responsible for the Conception,development,and Marketing

question 28

Multiple Choice

In an entrepreneurial team,who is responsible for the conception,development,and marketing of products?

• A)These matters are handled by the chief executive officer.
• B)These issues are the responsibility of the new product development department.
• C)These issues are the responsibility of all the members of the entrepreneurial team.
• D)These matters are primarily handled by outside business consultants.

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Definitions:

Rice

A staple grain consumed worldwide, serving as a primary food source for a large portion of the global population.

Pounds

A unit of weight commonly used in the British imperial and United States customary systems, or the currency of the United Kingdom.

Comparative Advantage

The capacity of a being to generate a product or service at a reduced opportunity cost compared to others.

Range Of Prices

A spectrum or interval between the lowest and highest prices at which goods or services are sold in the market.