It Has Been Observed That Most New Products Have Shorter

question 57

Multiple Choice

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.

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Definitions:

LMX Differentiation

The variability in the quality of LMX relationships between members of the same workgroup.

Group Harmony

The state of consensus and conflict-free relationships within a team or group, contributing to a positive working environment.

Group Trust

The collective confidence among members of a group in each individual's reliability, integrity, and contributions.

CEO Transformational Leadership

CEO Transformational Leadership involves chief executive officers leading by example, inspiring their employees to achieve unexpected or remarkable results through mentorship, enthusiasm, and incentivizing change.