The Type of Development Path Preferred by Most Supply Chain

question 23

Multiple Choice

The type of development path preferred by most supply chain management professionals is

• A)concurrent new-product development.
• B)sequential new-product development.
• C)departmental new-product development.
• D)parallel new-product development.
• E)functional new-product development.

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Definitions:

External Cost

A cost that a transaction or activity imposes on a party who is not involved in the transaction, often not reflected in market prices.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental, health, and safety concerns of public and private actions.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction.

Negative Externalities

Unintended adverse effects of an economic activity on unrelated third parties; they represent a failure of the market to fully account for the impacts of transactions.