As the Product Idea Committee of Foster Manufacturing Company Went

question 31

Multiple Choice

As the product idea committee of Foster Manufacturing Company went through its list of possible new products, it rejected various ideas for one or more reasons.Which of the following is least likely to be a reason for rejection?

• A) The company lacked the expertise to develop and market the product.
• B) The product did not match organisational resources.
• C) The product would allow the company to increase its annual sales by 20 percent.
• D) The product was not consistent with the company's objectives.
• E) The company lacked the needed human resources.

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Definitions:

Safety Net

A safeguard against failure or hardship, providing security or support in times of need, often used in the context of social welfare or financial systems.

Critical Thinking

The aim is to systematically scrutinize and appraise an issue with the purpose of forming an opinion.

Financial Debt

Money owed by an individual or organization to another party, typically as loans or credit.

Retirement Accounts

Financial accounts specifically designed for saving and investing money for retirement, offering tax benefits and growth potential.