The new-product development process
A. seeks to take as many ideas to market as possible, hoping to find a breakthrough opportunity.
B. relies solely on test marketing to decide whether to drop an idea or take it to market.
C. is based on the idea that a firm should eliminate potentially unprofitable product ideas as early as possible.
D. is especially important because it increases the number of new-product ideas that get to the commercialization stage.
E. None of these answers is correct.
Answer: C
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Two events are mutually exclusive
A. if their intersection is 1. B. if they have no sample points in common. C. if their intersection is 0.5. D. if most of their sample points are in common.
The carrying value of a bond is also referred to as its present value
Indicate whether the statement is true or false
The firm's _______ refers to the time it takes to complete a development cycle
a. speed-to-market b. market strategy c. learning d. efficiency
Divided Parcel (DP) includes the following on its mailing receipts: "We are not responsible for any damages to packages whether or not through the intentional or reckless fault or negligence of our employees. Send packages at your own risk." Mary reads this clause but sends her watch back to the manufacturer to be repaired anyway. The watch is destroyed when the DP driver uses the package for a
ball and tosses it to his buddy. Mary is: a. out of luck because the clause was communicated to her. b. out of luck because she should have insured the package. c. likely to collect from DP since exculpatory clauses always violate public policy. d. likely to collect from DP because it attempted to excuse intentional and reckless behavior.