3M Researcher Worked with University Students to Develop the Post-It^®

question 266

Multiple Choice

3M researcher worked with university students to develop the Post-it^® Flag Highlighter.His team evaluated the technical feasibility of the proposed design and determined whether the idea met the firm's new-product objectives.At which stage of the new-product process was this product?

• A) idea generation
• B) screening and evaluation
• C) business analysis
• D) new-product strategy development
• E) concept testing

Acknowledge the role of human resource management in maintaining a global workforce and managing diversity.

Understand the concepts of person-organization fit and its significance in HRM practices.

Recognize the strategic role of HRM in supporting the organizational core values and corporate culture.

Identify the key functions and goals of strategic human resource management in mobilizing human capital.

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Definitions:

Variable Cost

Costs that change in proportion to the level of production or business activity, such as raw materials or hourly labor.

Variable Costs

Expenses that change in direct proportion to the amount of production or output.

Total Cost

The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.

Prospective Sales

Forecasted or anticipated sales based on current trends, marketing strategies, and economic conditions.