Policy-making criteria on new products should specify:
A)a maximum level of profits that can be expected.
B)the exact market share of a new product.
C)the exact level of expected profits.
D)the availability and cost of capital to develop a new product.

Question

Quizplus · Accepted Answer

The availability and cost of capital to develop a new product should be specified in policy-making criteria to ensure feasibility and sustainability of the product. It is not feasible to set maximum level of profits or exact market share or expected profits as these factors are influenced by various internal and external factors beyond the control of the company.

Policy-Making Criteria on New Products Should Specify