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Tidy Tidy
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8 years ago
When deciding on which new products to develop, 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.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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8 years ago
Don't mention it Happy Dummy
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