A Fast- Food Chain Wanted to Add a New Product

question 103

Essay

A fast- food chain wanted to add a new product to its breakfast menu.The company considered a pancake shaped like a muffin.The problem was in determining how a customer would add syrup to the pancake while eating and driving.Fortunately,one of the company's suppliers developed a crystallized syrup that seeps through the pancake once it is heated.Explain the phase of new- product development that was implemented during this process with the chain and its supplier? Support your rationale.

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Definitions:

Business Practices

The methods, tactics, and routines used by companies to conduct business, ranging from operations, management to customer interaction.

Employee-Friendly

Corporate policies or practices designed to provide a supportive and accommodating work environment for employees.

Overtime

Additional time worked by an employee beyond their regular working hours, typically compensated at a higher pay rate.

Environmental Regulations

Laws and policies aimed at protecting the environment by setting standards and guidelines for pollution control, resource management, and ecosystem preservation.