Which of the following is NOT a reason why companies develop new products?
A) to stay ahead of or match the competition
B) to continue to expand revenues and profits
C) to fill out a product line
D) to create a new market
E) to take advantage of an opportunity
Answer: D
Explanation: D) To create new markets is not given as a justification for developing new products.
Business
You might also like to view...
The extent to which a person is relatively secure and unworried and how likely she or he is to experience negative emotions under pressure is known as _______.
Fill in the blank(s) with the appropriate word(s).
Business
A well-developed business plan will demonstrate just how the business and/or its products and services will be _______ to customers.
A. developed B. interconnected C. communicated D. connected E. all of the above
Business