Charles Schwab is a senior executive of Fisher Investment Company. he argues with his team, mates that a top$-$down approach to new product development for Fisher Investments should be implemented. Charles Schwab explains that just because the top$-$down approach has few steps in the process doesn$$t mean the products are simple, or that the process unfolds quickly. Charles Schwab's explanation of the top$-$down approach is correct.

a$.$ True

b$.$ False