The Search for New-Product Ideas Should Be ________ Rather Than

question 89

Multiple Choice

The search for new-product ideas should be ________ rather than haphazard.

• A) intermittent
• B) systematic
• C) segmented
• D) strategically planned
• E) rare

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Definitions:

Corrective Taxes

Taxes implemented to correct the market outcomes that are not efficient by internalizing external costs, often used in environmental policy to address pollution.

Regulations

Standards and rules formulated by governmental or nongovernmental organizations to govern conduct within certain spheres of activity.

Pollution Permits

Marketable permits allowing holders to emit a certain amount of pollution, used as a regulatory tool to control environmental impacts.

Corrective Tax

A tax designed to induce private decision-makers to take account of the social costs that arise from a negative externality.