New-Product Development

question 73

Multiple Choice

New-product development

• A) rarely results in high returns.
• B) has a high failure rate.
• C) always earns enormous returns.
• D) has a low failure rate.

---

Definitions:

Collective Information-processing Model

A model that describes how groups gather, share, and evaluate information to make decisions collectively.

Social Loafing

The phenomenon where individuals expend less effort when working in a group than when working alone.

Bay Of Pigs

The location of a failed invasion attempt by Cuban exiles, supported by the U.S. government, in 1961 aimed at overthrowing Fidel Castro's regime in Cuba.

Reaching Consensus

The process of arriving at a mutual agreement or decision among group members through discussion and negotiation.