Other Things Being Equal,the Rate of New-Product Development Seems to Be

question 113

Multiple Choice

Other things being equal,the rate of new-product development seems to be greater in countries where:

• A) more money is spent on marketing instead of applied research.
• B) consumers demand for cheaper products since they are not affluent.
• C) competition between firms is intense.
• D) pioneering costs outweigh the disadvantages of being a second mover.
• E) a large change in prices of a product only produces a small change in demand.

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Definitions:

Right to Privacy

the right to be free from intrusion or interference in one's personal life and affairs.

Fifth Amendment

A part of the U.S. Constitution that protects individuals from self-incrimination and double jeopardy, and guarantees the right to due process.

Double Jeopardy

Double jeopardy is a legal principle that prohibits an individual from being tried twice for the same offense, protecting against repeated prosecutions.

Procedural Due Process

Legal principle requiring government officials to follow fair procedures before depriving a person of life, liberty, or property.