One Reason New Products Fail Is That Although Most Major

question 223

Multiple Choice

One reason new products fail is that although most major corporations use a formal decision making process,sometimes they fail to critically evaluate the progress along the way.This is why many firms have a __________ to ensure that problems are corrected before proceeding to the next stage.

• A)written protocol
• B)Stage-Gate^® process
• C)cross-functional team
• D)prototype test
• E)test market

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Definitions:

Mortgage Payment

A regular payment made to a lender by a borrower, typically to pay back a home loan.

Monthly Rent

The periodic payment made by a tenant to a landlord for the use of a property or space.

Historical Costs

Refers to the original monetary value of an asset or transaction, without adjusting for inflation or changes in purchasing power over time.

Irreversible Costs

Expenditures that cannot be recovered once they have been made, also known as sunk costs.