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:

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist whose works have significantly influenced socialist and communist movements worldwide.

Social Stratification

The hierarchical arrangement and classification of individuals or groups in society based on wealth, income, social status, occupation, or other criteria.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary, best known for his theories about capitalism and communism.

Weber

Max Weber, a German sociologist, philosopher, and political economist known for his theories on the structure of society, bureaucracy, and the nature of authority.