A new product committee is a group in an organization that:
A)helps the organization in identifying a suitable partner for a join venture.
B)looks after all the legal aspects of the organization when it launches a new product in the market.
C)coordinates and integrates the work of the firm's functional departments on a specific project.
D)reviews and approves new-product plans that arise elsewhere in the organization.

Question

Quizplus · Accepted Answer

A new product committee is responsible for reviewing and approving new-product plans that arise elsewhere in the organization. The committee ensures that the new product aligns with the company's goals and objectives, and evaluates the feasibility of the proposed product to determine if it is worth the investment. The committee may also provide guidance and feedback on the development and launch of the new product. Therefore, option D is the best choice.

A New Product Committee Is a Group in an Organization