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The Creation of a Successful New Product Depends on a Company's

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Essay

The creation of a successful new product depends on a company's understanding of its ________ and its ability to deliver ________ to customers.
competitors, distributors, and employees; new styles
customers, brands, products; product images
customers, competitors, and markets; superior value
product, marketing mix, and marketing strategy; functional features
product life cycle, legal responsibilities, and social responsibilities; innovations


Definitions:

Ongoing Costs

Continuous or recurring expenses associated with maintaining a project, venture, or lifestyle, which do not end after the initial purchase or investment.

Two Wars

Refers generally to a nation or entity being involved in two separate conflicts simultaneously or consecutively.

New Orleans Residents

The inhabitants of New Orleans, a culturally rich and diverse city located in the state of Louisiana, USA.

Hurricane Katrina

A devastating category 5 hurricane that struck the Gulf Coast of the United States in August 2005.

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