Why Is the New Product Development Process Being Accelerated in Many

question 14

Multiple Choice

Why is the new product development process being accelerated in many industries?

• A)Customers are demanding more products with greater technological features
• B)Considerably reduces resources deployed on the research and development departments, freeing them up so that they can be deployed elsewhere in the organization
• C)Improves the likelihood of greater consumer adoption and reduces research and development costs
• D)Minimizes the risk of technological obsolescence and cutting time to market can lead to competitive advantage

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Definitions:

Experienced personally

Directly encountering or undergoing something oneself, rather than learning about it through others or second-hand reports.

Declarative Memory

Memory that can be consciously recalled, such as facts and events, and is considered explicit memory.

Nondeclarative Memory

The subsystem within long-term memory that stores motor skills, habits, and simple classically conditioned responses; also called implicit memory.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences from an individual's life.