Uniway Technologies Inc

question 38

Multiple Choice

Uniway Technologies Inc.has based its manufacturing units in the country of Lanthania.The country's stable economic and political environment has helped the firm gain competitive advantage by lowering its production costs and improving product quality.Other things being equal,the benefits realized from such a strategy can be typically referred to as

• A)economies of scope.
• B)location economies.
• C)diseconomies of scale.
• D)economies of power.
• E)learning economies.

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Definitions:

New-product Development Process

A series of stages involved in designing, developing, testing, and launching a new product in the market.

Pool of Concepts

A collection or repository of ideas, terms, or notions that can be drawn from in discussions or creative processes.

Design Thinking

An iterative process that aims to understand the user, challenge assumptions, and redefine problems to identify alternative strategies and solutions that might not be instantly apparent.

Stage-Gate®process

A project management technique that divides new product development into stages separated by gates, where each gate serves as a decision point to continue or stop the project.