"at fantastic flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance departments work in cross-functional groups to save time and money in the new product development process. from this description, it can be inferred that fantastic flavors uses a(n) approach."

team-based new product development approach.

Explanation:

Team-based new product development -

It is the method to hasten up the process of production of some new goods or services , by making the people of different department to work together , is referred to as team-based new product development .

This method makes the time period for the production of the goods and services , very small , so as to quickly launch into the market.

Hence, from the question,

The correct term for the given scenario of the question is team-based new product development .

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