It Is Important for Members of the Project Team to Know

question 53

Multiple Choice

It is important for members of the project team to know the revision and changes to a document.This can be communicated by

• A) keeping a detailed list of revisions
• B) updating the file with a revision number in the title and file name, date, and summary of revisions.
• C) sending an email with the document titled with the project name stating what was changed.
• D) casually agreeing to making the change and then sending the file to the person that requested the change.

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Definitions:

Specialty Goods

High-value products that are unique or considered luxury items, often requiring a specific purchasing effort by consumers.

Cannibalized

When a new product or service significantly reduces the sales, market share, or demand of an existing product within the same company.

Existing Brands

Brands that have been established in the market over time and have developed awareness, loyalty, and identity among consumers.

Brand Dilution

Occurs when a brand extension adversely affects consumer perceptions about the attributes the core brand is believed to hold.