It has been observed that most new products have shorter product life cycles. What is the reason for this?
A) Most new products do not use technology.
B) Most new products are not backed by a marketable idea.
C) New products do not get adequate management support.
D) Social and governmental constraints lead to this failure.
E) Rivals quickly copy products that are successful.
E
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Sensitivity analysis is used in capital budgeting to
a. Capture income tax consequences. b. Simulate probabilistic customer reactions to a new product. c. Estimate a project's internal rate of return (IRR). d. Determine the optimal contribution margin given a set of resource constraints. e. Determine the amount that a variable in a decision model (e.g., annual after-tax cash inflows) can change without changing the indicated decision (e.g., acceptance of a project).
In Cindy Tripp's quote, "We want people to use these techniques daily in their workâusing broad insights; learning faster; failing faster," she most likely means that she wants her employees to fail faster because
What will be an ideal response?