Before a New Product or Service Is Developed,a Firm Should

question 115

Multiple Choice

Before a new product or service is developed,a firm should have a precise protocol,a statement that identifies which of the following?

• A)a clear plan for product distribution
• B)an analysis of potential competitors' products
• C)a precise budget of how much can be spent for the marketing program
• D)specific customers' needs,wants,and preferences
• E)clear financial goals and expectations

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Definitions:

Public Administrative Law

The body of law that governs the activities of administrative agencies of the government, including rule making, enforcement, and adjudication.

Royal Assent

Needed in order for a bill to become law.

Lieutenant-Governor

An official who acts as the deputy to the governor, performing duties as assigned or in the governor's absence.

Legislature

A governmental body with the power to make, amend, or repeal laws.