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:

Insight Therapy

A form of psychotherapy aiming to increase a patient's understanding of themselves and their behaviors, often focusing on unconscious processes.

Biomedical Therapy

Treatments for psychological disorders that involve physiological interventions, such as medication, to address the biological aspects of the disorder.

Behaviour Therapy

A therapeutic approach focused on modifying maladaptive behaviors through learning principles and techniques such as conditioning and reinforcement.

Self-Knowledge

The understanding a person has of their own personal characteristics, emotions, motivations, and desires.