Which statement best describes the role of a new product committee?
A) It helps the organization in identifying a suitable partner for a joint venture.
B) It looks after all the legal aspects of the organization when it launches a new product in the market.
C) It coordinates and integrates the work of the firm's functional departments on a specific project.
D) It reviews and approves new-product plans that arise elsewhere in the organization.

Question

Quizplus · Accepted Answer

A new product committee is typically responsible for reviewing and approving new-product plans that are developed within the organization, ensuring they align with the company's strategic goals and resources.

Which Statement Best Describes the Role of a New Product