The Creation of a Venture Team by 3M Corporation to Investigate

question 117

True/False

The creation of a venture team by 3M Corporation to investigate a new line of adhesive products involved gathering a group of specialists from different areas of the organization, for as long a period of time as was needed, to perform the task of new product development.

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Definitions:

Investment Opportunity

A potential financial venture, project, or asset that could generate a return on investment.

Margin

The difference between selling price and cost of goods sold, often expressed as a percentage of sales, highlighting profitability.

Performance Measures

Metrics used to assess the efficiency and effectiveness of an operation or employee.

Inventory

Materials and products that a business keeps for the ultimate goal of resale or processing.