What are the four reasons that a company might develop new products and services?
What will be an ideal response?
Answer: Four reasons why a company might develop new products or services or update its existing ones. The first reason is that new products or services can give firms a competitive advantage in the marketplace. The second reason is that new products can provide benefits to the firm (as opposed to benefiting customers directly). The third reason is that companies develop new products or services to exploit existing capabilities. Finally, companies can use new product development to block out competitors.
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The largest fixed expense associated with a new automobile is depreciation.
a. true b. false
According to experts, mastering the Japanese market is considered to be a very difficult task. However, with the lucrative market in Japan, it is imperative to understand the intricacies in order to be successful in business
What are some of the factors that need to be considered by corporations that would like to conduct business in Japan?