Great Ideas Ltd

question 71

Multiple Choice

Great Ideas Ltd. has put together a team to design a new product to meet competition. What type of team have they likely put together

• A) Problem-solving team
• B) Product design team
• C) Cross-functional team
• D) Virtual team

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Definitions:

Educational Backgrounds

The formal schooling and training an individual has received, including degrees, diplomas, and certifications.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It necessitates the need for prioritization and choice.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.

Production

The process of creating, manufacturing, or enhancing goods and services, involving the combination of resources like labor and raw materials.