A Firm Must Devote People, Time, and Money to Designing

Multiple Choice

A firm must devote people, time, and money to designing a new product.Because any firm has only limited resources, it

A) should wait until its competitors develop a similar product before deciding on devoting resources to its own product development.
B) is not able to develop more than one new product at a time.
C) must be certain that the product it chooses to develop will be successful or it will not be able to stay in business.
D) faces a trade-off, because resources used to develop one product will not be available to develop another product.