Which of the Following Observations About New Product Policy Is

question 74

Multiple Choice

 Which of the following observations about new product policy is true? 

• A) Policy-making criteria on new products should specify a working definition of the profit concept that is acceptable to top management.
• B) There should be no specific time period for the product to become operational as this disturbs the new product development process.
• C) When developing a new product policy, a company should focus more on consumer satisfaction levels than on the product's economic contribution.
• D) A short-term focus is necessary for an effective new product policy in order to gain competitive advantage.

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Definitions:

Daily Drinking

The habitual consumption of alcoholic beverages on a daily basis.

CNS Dysfunction

Impairment or disorder affecting the central nervous system, leading to various neurological symptoms or deficits.

Cerebral Cortex

The outer layer of the brain, involved in various high-level functions such as thought, memory, emotion, and sensory perception.

Demyelination

The process involving loss or damage to the myelin sheath that surrounds nerve fibers, impairing nerve signal transmission.