Other Things Being Equal, the Rate of New-Product Development Seems

question 90

Multiple Choice

Other things being equal, the rate of new-product development seems to be greater in countries where

• A) less money is spent on basic and applied R&D.
• B) consumers are affluent.
• C) underlying demand is weak.
• D) competition is mild.

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Definitions:

Administrator

A person appointed to manage or supervise the execution of tasks, often within organizations, estates, or network systems.

Excessive Concentrations

An overinvestment in a particular asset, sector, or market which increases risk due to lack of diversification.

PCBs

Polychlorinated biphenyls, a group of man-made organic chemicals known for their environmental and health hazards.

Hazardous Area

A location that poses risks due to potentially dangerous conditions, such as the presence of flammable gases, combustible dust, or other explosive materials.