Your Company Decides to Use External Sources for Developing New

question 69

Multiple Choice

Your company decides to use external sources for developing new product ideas. Which of the following would be consulted?

• A)company executives and professionals
• B)company records and data
• C)intrapreneurial programs
• D)suppliers
• E)salespeople

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Definitions:

Equilibrium World Price

The price of a good at which the quantity supplied and quantity demanded are equal in the global market.

Domestic Quantity Supplied

The total amount of a product that producers in a country are willing and able to sell at a given price level, within the domestic market.

Domestic Quantity Demanded

The aggregate quantity of a product or service that buyers in a particular nation are ready and capable of buying at a certain price.

Hypothetical Nations

Imaginary or theoretical countries used for the purpose of discussion, analysis, or study in various contexts.