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:

Utility

An economic term that represents the satisfaction or pleasure individuals gain from consuming goods or services.

Risk Neutral

A situation or attitude wherein an individual or entity is indifferent to risk when making investment decisions, caring only about the expected outcome.

Income Potential

The maximum earnings possible for a person or entity, considering various factors like skills, market demand, and economic conditions.

Expected Value

The anticipated value of a variable, computed as the sum of all possible values each multiplied by the probability of its occurrence.