All of the Following Are Reasons Why Product Development Is

question 99

Multiple Choice

All of the following are reasons why product development is a risky proposition except:

• A)product development costs a lot of money and a lot of time.
• B)developing a product requires hundreds of decision that must be made quickly.
• C)product development involves numerous trade-offs,such as high quality vs.low cost.
• D)individuals in charge of developing products are often unaware of the needs to consumers.

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Definitions:

Critical Inputs

Essential resources or components required for the production process.

Highly Differentiated

Products or services that are distinctly unique from competitors' offerings, often featuring unique attributes or benefits.

Supplier Power

The influence that vendors have over the market or their customers, often due to the scarcity of their product, lack of substitutes, or control of prices.

Valuation

The process of determining the current worth of an asset or a company.