Answer:
False
Explanation:
During a sequential product development, each department works to complete its stage before the process continues to the next department.
A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.
When the report needs to project objectivity and authority.
The techniques is a popular plan to advantage one or more lengthy-term or normal dreams below situations of uncertainty. in the texture of the "art work of the general", which protected numerous subsets of abilities together with army strategies, siegecraft, logistics and so forth., the term came into use within the sixth century C.E. in japanese Roman terminology, and became translated into Western vernacular languages simplest inside the 18th century. From then till the 20th century, the phrase "method" came to indicate "a whole manner to try to pursue political ends, on the facet of the threat or real use of stress, in a dialectic of wills" in a army war, in which each adversaries have interaction.
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False. A Venn diagram only works to compare 2 things. <span />
Answer:
a. Marginal revenue exceeds marginal cost.
Explanation:
<u>Note</u>: <u>The words "profit is not maximized" have been interpreted as, "the firm at current level of output earns profits, but not maximum profits it can earn." The answer provided herein is based upon this assumption.</u><u> </u>
Marginal revenue (MR) refers to the addition to total revenue when an additional unit of output is sold.
Similarly, marginal cost (MC) refers to the addition to total cost of production, when an additional unit is produced.
For an optimal level of production, and as a condition for profit maximization under perfect competition,
MR = MC and the marginal cost should increase post the level of output at which MR = MC.
If a competitive firm operates at a level wherein profits are not maximized, but the firm does earn profits, it indicates the stage of production wherein the marginal revenue exceeds the marginal cost.
Thus, as firm produces more and more units of output, it would reach a stage wherein marginal revenue would equal marginal costs and profits shall be maximized.