The Team-Based New-Product Development Approach Is Faster Because Departments Work

question 162

Multiple Choice

The team-based new-product development approach is faster because departments work closely together through ________.

• A)sequential efforts
• B)a step-by-step process
• C)the help of a consultant
• D)cross-functional teams
• E)departmentalisation

---

Definitions:

Purchasing Power

How much a single unit of money can purchase in terms of goods or services, indicating the currency's value.

CPI

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Period

A length or portion of time.

Buying Power

Buying power refers to the value of currency to purchase goods and services, influenced by factors like inflation and the strength of the currency.