A Particular Firm Added Three New Products Earlier This Year

question 66

Multiple Choice

A particular firm added three new products earlier this year to increase variety for customers. Two of the products failed to reach the minimal sales quota. Which of the following is LEAST likely to have been the cause of their failure?

• A) The products were priced too high.
• B) The products were advertised incorrectly.
• C) Competitors fought back harder than expected.
• D) Product research was too extensive.
• E) The product development costs were high.

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Definitions:

Duty of Confidentiality

The duty of confidentiality obligates individuals or entities to protect the privacy of personal, sensitive, or proprietary information entrusted to them.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another, often found in scenarios involving trust, such as between a trustee and the beneficiaries.

Agency Ends

The termination or conclusion of an agency relationship between principal and agent, which can occur through various means such as completion of the agency purpose, by mutual agreement, or by law.

Duty of Segregation

An obligation to keep different tasks and responsibilities separate to reduce conflicts of interest or the risk of fraud or error.