Lindsey works in R&D at a consumer products firm. She meets up with Don, who works in finance, Riley, who works in production, and David, who works in marketing. Together they are going to develop a new product that Lindsey's department had researched. They are responsible for all aspects of developing the product. This is an example of a .

Venture team

Explanation: A venture team is a set of important people from several departments of a company assigned to develop all aspects of ideas for a new commodity for financial gain.

A venture team is also responsible for strategic decision making, establishing the preliminary policies or techniques and forming the customs and social behaviors of the people in the business. This team has a broader degree of effort and their attitude has a crucial lasting impact on how the business develops and thrives over time.

venture team

Explanation:

In marketing, a venture team is made up of employees from different departments or units that work together in the development process of a new or modified product. New product development usually requires the participation of people from different units, e.g. product design, marketing, finance, manufacturing, etc., and everyone is responsible for checking how plausible the new product is.

Imagine that the product design unit developed a great phone, uses 3D holograms, works better than any other phone the competition might offer, its battery lasts for a whole month, whatever you might imagine, want or need, but it costs $50,000 to produce. At that point you realize that someone from the financial department would have stopped that non-sense before wasting so much time.  

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