Cross-Functional Teams Are Useful in Developing and Commercializing New Products

question 27

Multiple Choice

Cross-functional teams are useful in developing and commercializing new products because each team member brings his or her special competencies to the project. Each team member brings his/her point of view from his/his
Experience and background. On the other hand,these team members.

• A)independent frames of reference
• B)entrepreneurial mind-sets
• C)professional rivalries
• D)politicized points of view

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Definitions:

Theoretically

Pertaining to or based on a theory; an explanation or system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.

Product Life Cycle

The process through which a product goes from when it is first introduced into the market through its decline or discontinuation.

Sales and Profits

Relates to the revenue generated from goods or services sold by a business and the financial gain remaining after all expenses have been deducted.

Diffusion of Innovation

The process by which a new idea, product, or practice spreads within a society or from one society to another.