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:

Bureaucracy

A structured organizational system characterized by fixed hierarchical levels, a focus on procedural correctness, and a division of responsibilities designed to streamline operations and decision-making.

Permanent

Lasting or intended to last or remain unchanged indefinitely.

Written Goals

are explicitly stated objectives set down on paper or digital format, which serve to guide behavior by providing a clear target for effort and achievement.

Social Category

Defines a group of individuals sharing common traits or attributes, making them distinguishable within the broader society.