Examlex
Which of the following phases of new-product development is likely the least costly for the firm?
Incremental Benefit
The additional gain derived from a new action or decision, compared to the previous state, often used in cost-benefit analysis.
Stand-Alone Firm
A business that operates independently, without reliance on or integration with other companies.
Corporate Governance
Rules for corporate organization and conduct; rules and practices relating to how corporations are governed by management, directors, and shareholders.
Wholly Owned Subsidiary
A company whose entire stock is held by another company, making it fully controlled by the parent company.
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