Multiple Choice
In the idea screening phase of a new product development process, a firm finds that it lacks the resources and expertise necessary to produce the product. Which of the following is the best course of action for the firm?
A) It should consider the strategy of selling its existing products at lower prices.
B) It should stop wasting time, manpower, and funds on new product development.
C) It should quickly discount the new product idea.
D) It should consider forming joint or strategic alliances with other firms.
Correct Answer:
Verified
Correct Answer:
Verified
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