Which of the Following Can Cost a Company Developing a New

question 50

Multiple Choice

Which of the following can cost a company developing a new product a great deal of money?

• A)Making decisions under extreme time pressure.
• B)Failure to be first to market with a promising new product.
• C)Guessing what the customer needs.
• D)Determining whether the new product will sell at a profit.

Develop clear and attainable objectives following given guidelines.

Apply project scheduling tools appropriately to manage tasks and deadlines effectively.

Understand different types of motivations and their influences on behavior.

Recognize the importance of attitude in maintaining motivation and shaping behavior.

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Definitions:

Limited Service

Refers to a business model where only a partial range of services is offered to customers as opposed to full-service alternatives.

Service Retailer

A business that sells intangible products or services directly to consumers.

Low Prices

The strategy of setting the cost of a product or service lower than the competition, often to attract more customers or gain a market share.

Experiential Retail

A retail strategy that focuses on providing customers with experiences beyond the traditional shopping encounter to engage and entertain.