The Risk and Uncertainty of the Commercialization Stage of New-Product

question 183

Multiple Choice

The risk and uncertainty of the commercialization stage of new-product development is reflected in each of the following EXCEPT:

• A)buyers who can't understand the benefits of the new product.
• B)market testing ensures that commercialization will be successful.
• C)high-quality prototypes that can't be replicated on mass-production lines.
• D)costs that go far beyond original budgets.

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Definitions:

Poverty

The state of having insufficient financial resources to meet basic living needs such as food, shelter, and healthcare, leading to a lower quality of life.

Natural Resource Base

The foundational elements provided by the natural environment that support human society and economic activities, including water, soil, minerals, and forests.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieve benefits while preserving savings.

Economically Efficient

A situation where resources are allocated in a way that maximizes the net benefit to society or minimizes wastage.