_____ Involves Introducing Your Product to Potential Customers and Taking

question 2

Multiple Choice

_____ involves introducing your product to potential customers and taking orders for late delivery.

• A)R&D
• B)Test marketing
• C)Preselling
• D)New entrant business

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Definitions:

Offshoring

The practice of relocating certain business operations or services to another country, often to reduce costs or access different markets.

Nonlabor Alternative

Options or solutions that do not involve human labor, often involving automation or technology.

Inputs

Resources (such as time, labor, and materials) used in the production process to create goods or services.

Sarbanes-Oxley

U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, introduced in response to financial scandals.