Internal Product Development Is Often Viewed As

question 71

Multiple Choice

Internal product development is often viewed as:

• A) carrying a high risk of failure.
• B) the only reliable method of generating new products for the firm.
• C) a quicker method of product launch than acquisition of another firm.
• D) critical to the success of biotech and pharmaceutical firms.

---

Definitions:

Biennial Budget

A budget or financial plan projected for two years, typically used by some state governments in the United States.

Federal Government Budget Process

The procedure through which the federal government creates a budget, involving proposals, reviews, and approvals by various branches of government.

Continuing Resolutions

Temporary legislation passed by Congress to fund government operations and avoid government shutdowns when the annual budget bills have not been approved.

Federal Government Budget Process

The federal government budget process is a complex procedure through which government revenues and expenditures are planned, allocated, managed, and reviewed, involving both legislative and executive branches.