Many Firms Are Now Using Product Development Teams Primarily To

question 47

Multiple Choice

Many firms are now using product development teams primarily to:

• A)attract high-quality engineering talent
• B)increase the speed of the product development function
• C)facilitate creativity
• D)integrate the activities associated with different organisational functions

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Definitions:

Payback Period

The duration of time it takes to recoup the initial investment in a project or asset, calculated by dividing the investment amount by the annual cash inflow.

Internal Rate

Often refers to the internal rate of return (IRR), a metric used to estimate the profitability of potential investments.

Net Present Value

A financial metric that calculates the present value of all cash flows associated with a project, considering both inflows and outflows, to assess profitability.

Initial Investment

The amount of money used to start a project, investment, or venture for the first time.