New-To-The- World Products Are ________

question 101

Multiple Choice

New-to-the- world products are ________.

• A) new products that create an entirely new market
• B) new products that allow a company to enter an established market
• C) new products that supplement established product lines
• D) new products that provide greater perceived value and replace existing products
• E) existing products that are targeted to new markets or market segments

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Definitions:

Bill of Material

A comprehensive list detailing all the raw materials, parts, components, and assemblies needed to produce one unit of a product.

Lot-For-Lot

A production and inventory control strategy that matches the order quantity exactly with the demand, without carrying any excess inventory.

Gross Requirements

The total amount of materials or components necessary to produce a product before accounting for any existing inventory.