If a Company Recognizes an Opportunity for Producing Something That

question 20

True/False

If a company recognizes an opportunity for producing something that customers will value, it should supplement its product line, especially if it can make the new products better than competitors.

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Definitions:

Closed Group

A type of group with fixed membership where entry is restricted to certain individuals.

Social Needs

The human desire for belonging, intimacy, and interpersonal relationships, situated mid-level in Maslow's hierarchy.

Teams Identity

The collective sense of being and belonging that develops among members of a team, influencing how they see themselves as part of the group.

Organizational Goals

These are predetermined objectives that a company or organization sets to guide its operations and strategic planning, aiming for long-term success and sustainability.