If a Firm Has a Longer New Product Development Process,it

question 25

Multiple Choice

If a firm has a longer new product development process,it means that the firm will:

• A) have a better chance to introduce a refined version of a competitor's technology.
• B) face a high possibility of losing to an early entrant.
• C) have an increased ability to respond to changes in customer requirements.
• D) overburden its development team by following a parallel development process.

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Definitions:

Simple Words

Words that are easy to understand and use, often basic vocabulary that does not require specialized knowledge.

Universal Grammar

A theory in linguistics suggesting that the ability to acquire language is innate to humans and that all languages share a common structure.

Critical Period

A specific time in development when certain skills or abilities are most easily learned.

Linguistic Determinism

The hypothesis that the structure of language shapes and limits human thought or perceptions, making it a framework through which we experience the world.