According to Your Text, Which of the Following Is an Example

question 53

Multiple Choice

According to your text, which of the following is an example of a "new product"?

• A) An existing product that has been modified in some way.
• B) An existing product for which new uses have been found in other product-markets.
• C) A wholly new product idea.
• D) An existing product being offered to new markets.
• E) All of these are examples of a "new product."

---

Definitions:

Certainty

A condition where there is complete absence of doubt or the total confidence in something.

Fully Informed

Indicates a state where all necessary information has been received and understood.

Major Decision Making

The process of choosing between significant options or paths, often having considerable impact on an individual's or organization's future.

Direct Control

A management approach that involves explicitly regulating process, decisions, and actions within an organization to ensure compliance and achieve objectives.