When Deciding on Which New Products to Develop, a Firm

question 59

Multiple Choice

When deciding on which new products to develop, a firm must devote people, time, and money to designing a new product. Because any firm has only limited resources, it

• A) should wait until its competitors develop a similar product before deciding on devoting resources to its own product development.
• B) is not able to develop more than one new product at a time.
• C) must be certain that the product it chooses to develop will be successful or it will not be able to stay in business.
• D) faces a trade-off because resources used to develop one product will not be available to develop another product.

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Definitions:

Health

A state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.

Ethnic Groups

Communities or populations sharing a common cultural heritage, ancestry, language, history, or social practices.

Woman-Battering

A form of domestic violence where a woman is subjected to physical, sexual, or psychological abuse by a partner.

Health Problem

Any condition that affects an individual's mental or physical well-being, ranging from minor to life-threatening issues.