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:

Tax Deductible

Expenses or payments that can be subtracted from gross income to reduce the amount of income subject to tax.

Bonds

Long-term securities issued by corporations, municipalities, or governments to raise funds, paying interest to holders.

Call Option

A financial contract that gives the holder the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specified time period.

Callable Bonds

Bonds that give the issuer the right but not the obligation to redeem the bonds before their maturity date, usually at a predefined call price.