Explain in detail the importance of the Internet for implementing simultaneous product development
What will be an ideal response?
ANSWER: The Internet is a useful tool for simultaneous product development. On the Web, multiple partners from a variety of location can meet regularly to assess new-product ideas, analyze markets and demographics, and review cost information. Ideas judged to be feasible can quickly be converted into new products. The best-managed global firms leverage their global networks by sharing best practices, knowledge, and technology. Without the Internet, it would be impossible to conduct simultaneous product development from different parts of the world. Some firms use online brain trusts to solve technical problems. Innovative firms are also gathering a variety of R&D input from customers online.
You might also like to view...
Which of the following is a characteristic of management accounting?
a. It must follow generally accepted accounting principles. b. It is used primarily by internal users. c. It is concerned primarily with reporting past performance. d. It uses historical costs as the sole measurement unit.
A check is finally paid when ________
A) the depository bank credits the customer's account with an option to reverse the credit in case of dishonoring of the check B) the payer bank fails to dishonor the check within certain statutory time periods C) the drawer settles for the check while holding a right to revoke the settlement D) the final bank in the collection process tentatively credits the account of the prior transferor
Agentic characteristics include ______.
A. assertiveness B. warmth C. sensitivity D. conscientiousness
The member states of GATT 1994 owe legal obligations to the contracting parties of GATT 1947
Indicate whether the statement is true or false