If a Producer Does Not Have a New-Product Development Process

question 105

Multiple Choice

If a producer does not have a new-product development process, it ultimately means:

• A) the firm lacks financial resources.
• B) the firm does not want to be profitable.
• C) the company will survive on current products until going out of business.
• D) the firm is incapable of innovation.
• E) the firm can survive on old products indefinitely.

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Definitions:

Ingroup Bias

The tendency to favor our own group.

Prejudice

An unjustifiable (and usually negative) attitude toward a group and its members. Prejudice generally involves stereotyped beliefs, negative feelings, and a predisposition to discriminatory action.

Social Facilitation

The tendency for people to perform differently when in the presence of others versus when alone, typically showing improvement on simple tasks.

Running Quickly

The act of moving swiftly on foot, typically at a pace faster than walking.