Fast-growth firms should strive to create high-impact,new product and service improvements with development expenditures that account for no more than approximately _____ percent of revenues.
A) 2
B) 6
C) 10
D) 15

Question

Quizplus · Accepted Answer

Fast-growth firms are often advised to allocate around 6 percent of their revenues to the development of high-impact, new product and service improvements. This investment level is considered sufficient to fuel innovation and growth without overextending the company's financial resources.

Fast-Growth Firms Should Strive to Create High-Impact,new Product and Service