Ideas About Potential New Products Should

question 114

Multiple Choice

Ideas about potential new products should

• A) be encouraged from any and all sources, since only a few ideas will develop into successful products.
• B) not be eliminated from consideration until they have been tested in the commercialization stage.
• C) come primarily from employees of the firm-so that time won't be wasted evaluating product ideas that are inconsistent with the firm's objectives and resources.
• D) come from outside the firm, since studies show that really new ideas require a fresh perspective.
• E) None of these alternatives is correct.

Understand the characteristics and benefits of various reward systems, including flexible benefit plans and profit-sharing programs.

Recognize the limitations and challenges associated with implementing flexible benefit plans.

Identify the cultural and demographic considerations that influence the design and effectiveness of reward systems.

Understand the impact of goal setting on individual and organizational performance, including ethical considerations.

---

Definitions:

Tertiary Circular Reactions

A stage in Piaget’s theory of cognitive development where toddlers (around 12 to 18 months) experiment with new actions to see the outcomes, demonstrating an early form of problem-solving.

Mental Representations

Internal cognitive symbols that represent external reality, which are used in the process of thinking and understanding the world.

Violation-of-Expectation

A method used in developmental psychology research to study infants' understanding of physical and social world by evaluating their reactions to surprising or unexpected events.

Stimulus

Something that causes a response in an organism, sensory system, or psychological process.