New-Product Development Usually Fits into the Old Routines of a Firm

question 22

True/False

New-product development usually fits into the old routines of a firm, so it is not necessary for top management to support new-product development in any special way.

---

Definitions:

Good-faith Purchaser

A person who buys property without notice of any other claim to or interest in it and for a fair value, thereby gaining legal rights to it over any previous claims.

Good Title

The legal right to own, use, or sell a piece of property or asset, free from claims or liens by others.

Stolen Vehicle

A vehicle that has been taken without the owner’s permission, often involved in criminal activities.

Goods-In-Bailment Contract

A legal agreement where personal property is transferred into the possession of another for a specific purpose, but ownership is not transferred.