From an Organization's Perspective Regarding Its New Products and Innovations,which

question 30

Multiple Choice

From an organization's perspective regarding its new products and innovations,which of the following new-product strategies has the HIGHEST level of risk?

• A)a radical invention
• B)a brand extension
• C)a product line extension
• D)a jump in innovation
• E)a product deletion

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Definitions:

Marginal Cost

The additional expense required to produce an extra item or unit of output, emphasizing its role in economic decision-making.

Fixed Cost

A cost that does not change with the amount of goods or services produced, such as rent, salaries, or loan payments.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often illegal or regulated by law.

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.