Fast-Growth Firms Should Strive to Create High-Impact,new Product and Service

question 12

Multiple Choice

Fast-growth firms should strive to create high-impact,new product and service improvements with development expenditures that account for no more than approximately _____ percent of revenues.

• A) 2
• B) 6
• C) 10
• D) 15

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Definitions:

Narrow Span of Management

An organizational structure where managers supervise a small number of subordinates, allowing for more detailed oversight and personalized management.

Proximity

The state of being near or close in space, time, or relationship, often impacting decision-making or behavior in various contexts.

Matrix Structure

A structure that sets up teams from different departments, thereby creating two or more intersecting lines of authority; also called a project management structure.