For a New Venture, Platforming Can Be Important for

question 17

Multiple Choice

For a new venture, platforming can be important for

• A) improving operating profits from manufactured products
• B) higher utilization of capital invested in plant and equipment
• C) tackling new adjacent market segments by allowing a company to develop and test new products quickly at little cost
• D) All of the above

---

Definitions:

Complementary Inputs

Inputs that are used together in production, such that the decrease in the price of one input increases the demand for the other input.

Consumer Goods

Products and services that satisfy human wants directly.

Minimum Wage Laws

Statutes that establish the lowest hourly wage employers can legally pay workers, aimed at protecting employee welfare.

Illegal Immigrants

Individuals who enter or reside in a country without the necessary authorization or legal permission.