Asked by Shubrenia Scott on Apr 28, 2024
Verified
Explain the concept of outsourcing product development and give an example of when this would be a good idea.
Outsourcing
Outsourcing involves hiring third-party providers to perform services or create goods that were traditionally performed in-house, often to reduce costs or improve efficiency.
Product Development
The comprehensive process of bringing a new product or service to market, from idea generation to commercialization.
- Recognize the importance and implications of outsourcing product development.
Verified Answer
DA
Débora AssumpçãoMay 03, 2024
Final Answer :
Students' answers will vary but should demonstrate knowledge of the stages of product development and the demands of each as relevant to outsourcing to another firm.
Learning Objectives
- Recognize the importance and implications of outsourcing product development.