Which of the Following Is a Disadvantage of a Team-Based

question 34

Multiple Choice

Which of the following is a disadvantage of a team-based approach to new-product development?

• A) It takes longer to get the right products to market.
• B) The development effort is not as effective because of team members' lack of expertise.
• C) Levels of risk can be more easily controlled.
• D) Organizational confusion and tension can affect the process.
• E) The process does not work with the shorter life cycles of many of today's products.

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Definitions:

Allocatively Inefficient

A situation where resources are not allocated in a way that maximizes the total benefits to society, often leading to overproduction or underproduction of certain goods.

Productively Inefficient

A situation in which a producer cannot produce a desired output at the lowest possible cost, indicating a waste of resources.

Collusive Practices

Actions taken by competing companies to work together secretly to increase prices or reduce competition, which is illegal in many jurisdictions.

Economic Inefficiency

arises when resources are not allocated in a way that maximizes the potential output or when there is a failure to fully utilize resources, resulting in lost potential gains.