Which of the Following Statements Is the True of a Venture

question 44

Multiple Choice

Which of the following statements is the true of a venture team?

• A) It is a cross-functional team responsible for all the tasks involved in the development of a new product.
• B) It is a team that is responsible for everything from marketing research and package design to advertising for the complete product mix of a firm.
• C) It is a cross-functional team that manages and monitors the existing products of the firm exclusively.
• D) It is a team that conducts product audits to identify sick products and delete them as its primary duty.

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Definitions:

Diseconomies of Scale

A phenomenon that occurs when a company or business grows so large that the costs per unit increase.

Total Cost

The sum of all expenditures incurred in the production of goods or services, including fixed and variable costs.

Diseconomies of Scale

The phenomenon where production costs increase as a firm's output expands, leading to inefficiencies.

Long-Run Average Total Cost

The average cost per unit of output when all factors of production, including capital, are variable in the long term.