A Group Consists of Key Representatives from All Departments in the Product

question 19

Multiple Choice

A group consists of key representatives from all departments in the product development process, such as marketing, sales, finance, and manufacturing. These core members have primary responsibility for the product, with supporting resources as needed. This is an example of a(n)

• A)self-managed team.
• B)cross-functional team.
• C)flexible workforce.
• D)extended team.
• E)CRM team.

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Definitions:

Marginal Revenue Product

Extra profits generated by incorporating another unit of a production element.

Worker

An individual engaged in a particular labor or job to earn a living, contributing to the production process.

MRP

Marginal Revenue Product, an economic theory stating the additional revenue generated from employing one more unit of a factor of production, like labor.

Wage Rate

The amount of money paid per unit of time or per task for labor or services.