All of the Following Are Sources of Ideas for New

question 19

Multiple Choice

All of the following are sources of ideas for new or redesigned products EXCEPT:

• A) successful sales strategies.
• B) front-line employees.
• C) suppliers of materials and parts/components.
• D) reverse engineering.
• E) all of the choices are sources.

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Definitions:

Output Increases

Output increases refer to a situation where there is a rise in the quantity of goods or services produced by a company or within an economy.

Total Product

The total output or production achieved by a firm from a given amount of inputs.

Marginal Product

The increase in output that results from employing one more unit of a particular input, keeping all other inputs constant.

Diminishing Marginal Returns

is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, begins to decrease.