Final answer:
The correct answer is D. All of these are benefits of integrated/concurrent product development, which includes faster product development, earlier problem solving, and reduced launch and production costs, all contributing to increased productivity and efficiency.
Step-by-step explanation:
The main benefit of integrated/concurrent product development is indeed multifaceted. The options presented indicate various advantages:
- Faster product development refers to the decrease in time it takes to bring a product from concept to market.
- Earlier problem solving emphasises the proactive identification and resolution of issues before they escalate.
- Reduced launch and production costs are a result of efficiency in the development process, which can prevent wasteful spending.
All these points suggest that the correct answer is: D. All of these are benefits.
Integrated product development is designed to streamline processes and improve collaboration across different departments leading to benefits such as increased productivity and increased efficiency, similar to the positive aspects of bureaucracies.