A New-Product Development Process Helps Make Sure That New Ideas

question 24

True/False

A new-product development process helps make sure that new ideas for products are carefully studied and that good ideas are marketed profitably.

---

Definitions:

Risk Taking Behavior

Engaging in actions that involve a certain degree of risk, often with the potential for significant rewards or losses.

Oil and Gas Exploration

The process of searching for undersea or underground deposits of oil and natural gas, often involving geophysical surveys and drilling.

Sustainable Strategy

A business approach that considers environmental, social, and financial impacts for long-term viability.

Quick Wealth

The rapid accumulation of significant financial resources or wealth, often viewed with skepticism due to potential unsustainability.