Cross Functional Product Development Teams,product Champions,and Incubators Are Organizational Devices

question 42

Multiple Choice

Cross functional product development teams,product champions,and incubators are organizational devices used:

• A)By top managers to control the technological development of their firms
• B)To reconcile the conflicting requirements of operations and innovation
• C)To build new organizational structures,inspired by innovation in high-tech industries
• D)To reconcile coordination and specialization needs

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Definitions:

Prospective Buyers

Individuals or entities showing interest in purchasing products or services.

Marketing Mix

The blend of product, price, place, and promotion strategies used by a company to market its products or services effectively.

Promotional Mix

The combination of marketing tools used by a company to promote its products or services effectively.

Personal Selling

A direct marketing approach where salespeople personally interact with potential customers to build relationships and promote sales.