Fournotts Corp

question 76

Multiple Choice

Fournotts Corp.manufactures and sells accessories for cell phones.To boost its sales,the research and development team decides to use product modification as an approach to new product development.In this scenario,the research and development team will most likely:

• A) eliminate products that are inconsistent with Fournotts's business mission.
• B) develop products by applying new technology.
• C) make a slight change in the design or function of the existing products.
• D) add new products to supplement Fournotts's established product line.

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Definitions:

In-Kind Transfers

Non-monetary transfers of goods or services provided directly to individuals by governments or organizations as part of welfare programs.

Earned Income Tax Credit

The Earned Income Tax Credit is a refundable tax credit in certain jurisdictions intended to benefit working individuals and families, especially those with lower incomes.

Food Stamps

A government-issued voucher program designed to help low-income individuals and families afford food.

Technological Change

The overall process of invention, innovation, and diffusion of technology or processes that often leads to significant improvements in productivity or efficiency.