Question: An effective product development process can help an insurer manage the cost of developing new products. The following statement ( s ) can correctly be

An effective product development process can help an insurer manage the cost of developing new products. The following statement(s) can correctly be made about the product development process:
Large numbers of personnel are involved in product development.
Insurers must commit reserves and capital to support new products.
New product ideas must be meticulously researched.
Many new products continue to be improved after they are introduced to the market.
A, B, C, and D
A, C, and D only
B and D only
A only

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