According to Your Text, Three Factors Are Responsible for the Rapid

question 3

Multiple Choice

According to your text, three factors are responsible for the rapid rise in new product development. They are faster and more economical transportation, the advent of electronic communication, and

• A)lessening of government restrictions.
• B)the requirement of patents and trademarks.
• C)mass marketing.
• D)free trade.
• E)mass production.

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Definitions:

Supplier

An entity that provides goods or services to another organization involved in a supply chain.

Conglomerate

A large corporation composed of diverse companies operating in various industries under one corporate group.

Production Synergies

The cost-saving or performance-enhancing effects achieved when two or more entities (e.g., companies or departments) combine their production efforts.

Diversify Risk

The strategy of spreading investments across various financial instruments, industries, or other categories to reduce risk.