Which of the Following Is Not One of the Benefits

question 83

Multiple Choice

Which of the following is not one of the benefits to a firm of new product development?

• A) reducing the costs of production
• B) satisfying the changing needs of current and new customers
• C) avoiding market saturation from products that have been on the market for a long time
• D) creating diversification and reducing risk
• E) keeping up in a market with short product life cycles where sales come mostly from new products

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Definitions:

Corrective Action

Steps taken to eliminate causes of existing nonconformities or undesirable situations to prevent recurrence.

Daniel Kahneman

A psychologist known for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the Nobel Prize in Economic Sciences.

Fast

Moving or capable of moving at high speed.

Slow

Characterized by a rate of motion or progress that is less than usual or desired.