Many Factors Contribute to the Success or Failure of a New

question 7

Multiple Choice

Many factors contribute to the success or failure of a new product.One of the factors found to make a difference is:

• A)High expenditure on research and development.
• B)Significant customer involvement.
• C)Strong project management.
• D)Use of external technology.

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Definitions:

Explore

To investigate or examine something in order to gain more knowledge or understanding about it.

Social Media Campaigns

Organized marketing efforts designed to engage with a target audience through various social media platforms to achieve marketing and branding goals.

Wrong Budgeting Techniques

Techniques or approaches to budgeting that are incorrect or not effective for achieving financial goals.

Target Audience

A specific group of consumers at which a product, service, or marketing message is aimed.