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:

Oligopolistic

Pertaining to a market structure characterized by a small number of firms controlling a large portion of the market share.

Market Structure

The organizational and other characteristics of a market that influence the nature of competition and pricing, such as the number of firms, product uniformity, and ease of entry.

Dominant Firms

Companies that possess a major share of the market, exerting significant control or influence over prices, production, or innovation within the industry.

Sherman Act

A basic antitrust legislation in the United States that outlaws practices leading to monopolies and encourages competitive conduct.