Which of the Following Is NOT One of the Benefits

question 47

Multiple Choice

Which of the following is NOT one of the benefits to a firm of new product development?

• A) Reduced costs of production.
• B) Satisfying the changing needs of current and new customers.
• C) Avoiding market saturation from products that have been on the market for a long time.
• D) Creating diversification and reducing risk.
• E) Keeping up in a market where sales come mostly from new products.

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Definitions:

Executive Level

A high-ranking position within an organization, typically involved in strategic decision-making and overall company leadership.

Hourly Employees

Hourly employees are workers who are paid for each hour they work, as opposed to receiving a fixed salary regardless of the hours worked.

Nonprofits

Organizations that operate for purposes other than making a profit, often focused on charitable, educational, or social causes.

For-Profits

Organizations or businesses that operate with the primary goal of making profits for their owners or shareholders.