When Developing New Product,which Is True of a New-Product Development

question 45

Multiple Choice

When developing new product,which is true of a new-product development strategy?

• A) It refrains from adopting ideas suggested by customers and competitors.
• B) It doesn't provide the general guidelines for new-product ideas.
• C) It must be compatible with the objectives of the marketing department,the business unit,and the corporation.
• D) It involves targeting existing products at new markets.

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Definitions:

Average Total Cost

The expense for each unit produced, derived by dividing the total production expenses by the quantity of output.

Total Fixed Cost

The sum of the costs that do not vary with output. They will be incurred as long as a firm continues in business and the assets have alternative uses.

Educational Choices

Refers to selections made regarding educational paths, institutions, or programs based on individual preferences and goals.

Career Choices

The selection of a particular path or profession in which an individual intends to pursue over the course of their employment life.