Many of the Very Successful Product Developing Firms Have Realized

question 16

Multiple Choice

Many of the very successful product developing firms have realized that only focusing on financial analysis for a new product project is not enough.One must also reconsider the _____ and the strategic criteria it implies.

• A)NPV
• B)PIC
• C)IRR
• D)EPA

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Definitions:

Multivoting

A decision-making technique used in groups to narrow down a large set of options to a manageable number by allowing multiple votes.

Prioritization Matrix

A tool used to rank projects, tasks, or options based on their relative importance and urgency.

Collaborative Decision Making

The process by which multiple stakeholders work together to come to a decision regarding an issue or problem.

Brainstorming

A group creativity technique in which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously contributed by its members.