Which of the Following Is a Reason for Eliminating New

question 61

Multiple Choice

 Which of the following is a reason for eliminating new product ideas?

• A) All new product ideas were heard and evaluated, which lead to a wastage of time.
• B) The idea generation stage proved to be too costly.
• C) The technology available is not sufficient to produce the product profitably.
• D) The organization relied on out-rotation for generating the ideas.

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Definitions:

Risk Aversion

The tendency to prefer avoiding losses over acquiring equivalent gains; the degree of variability in investment returns that an investor is willing to withstand.

Possible Losses

Potential or anticipated losses, which could be in terms of finances, opportunities, well-being, or other valuable aspects.

Possible Gains

The potential benefits or positive outcomes that might be achieved from a particular action or decision.

Error Management Theory

A theory suggesting that humans are evolved to favor strategies that minimize the more costly type of errors in the dual nature of decision-making errors: false positives and false negatives.