Which of the Following Was Not Identified as One of the Keys

question 60

Multiple Choice

Which of the following was not identified as one of the keys to effective new product and service development?

• A) focus on a specific target market
• B) get quality and pricing right
• C) resist the temptation to conduct ongoing feasibility analysis
• D) develop products that add value
• E) find a need and fill it

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Definitions:

Controlling

A management function focused on monitoring performance and taking corrective action to ensure achievement of organizational goals.

Allocating Resources

The process of distributing available assets, including time, money, and manpower, among various projects or departments to achieve organizational goals efficiently.

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization.

Valuation

The process of determining the current worth of an asset or a company.