In the new-product development process, a description of the features a product will have and the benefits those features will provide a customer is called a ________
A) product idea
B) product concept
C) product image
D) product proposal
E) product movement
B
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The individual performer is a generalist and coordinates a broad range of activities.
Answer the following statement true (T) or false (F)
________ is the process of creating labor standards based on the judgment of skilled observers
Fill in the blanks with correct word
What is the purpose of stop-loss insurance that is used with self-insured group medical expense plans?
A) to require employees to buy insurance for losses in excess of some specified amount B) to have a commercial insurer pay claims that exceed a specified limit C) to obtain administrative services from a commercial insurer D) to exempt self-insured plans from state insurance laws that require mandated benefits
A multinational company (MNC) is likely to centralize its decision making when:
A. the home office has more confidence in delegating to the local level and less to gain by making all the important decisions. B. it has a mature product line and the subsidiary managers are experienced. C. a subsidiary has superior staff and resources which is likely to become increasingly skilled in manufacturing and marketing products at the local level over time. D. it is a high-tech, research-intensive firm dealing with sophisticated levels of technology.