Companies that are most likely to succeed in the development and introduction of new products typically do which of the following?
a. use an industry-specific approach that is driven by corporate objectives and strategies with
a we-defined new-product strategy at its core
b. capitalize on youth and creativity to achieve and maintain competitive advantage
c. make the short-term commitment needed to support innovation and new-product
development
d. establish an environment conducive to achieving new-product objectives
Ans: d. establish an environment conducive to achieving new-product objectives
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The region that satisfies all of the constraints in linear programming is called the region of optimality
Indicate whether the statement is true or false
Expected monetary value (EMV) is
A) the average or expected monetary outcome of a decision if it can be repeated a large number of times. B) the average or expected value of the decision, if you know what would happen ahead of time. C) the average or expected value of information if it were completely accurate. D) the amount you would lose by not picking the best alternative. E) a decision criterion that places an equal weight on all states of nature.