If a Firm's Design Process Is Too Lengthy

question 33

Multiple Choice

If a firm's design process is too lengthy

• A)a competitor may capture market share by being first to market.
• B)a competitor may lose market share by being first to market.
• C)a competitor may decide not to enter the market.
• D)None of these answers is correct.

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Definitions:

Cost Of Goods Sold

Direct expenditures involved in producing the products a company sells, inclusive of materials and labor.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Profit Center

A branch or division of a company that is directly responsible for generating profit, measured by its success in contributing to the company's bottom line.

Cost Center

A department or function within an organization to which costs can be allocated, but which does not directly generate revenue.