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:

Annuitant

The individual who receives the benefits or payments from an annuity plan.

Annuity

A finance-related product that ensures a continual payment stream to a recipient, mainly used in planning for life after work.

Ordinary Annuity

Steady cash flows facilitated at the decline of each era during a certain season.

Nominal Interest

The rate of interest quoted on a loan or bond without adjusting for inflation or other factors that could affect the real rate of return.