Why Must a Company Continue New Product Development Even After

question 9

Multiple Choice

Why must a company continue new product development even after launching a successful product into the market?

• A) To gain an advertising advantage
• B) Competition
• C) To keep the firm profitable
• D) To ensure maturity in the market
• E) Both B & C

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Definitions:

Bereavement

The state of sorrow over the death or departure of a loved one, often accompanied by emotional distress and adjustment difficulties.

Loneliness

A complex and usually unpleasant emotional response to isolation or lack of companionship.

Cross-cultural Study

A research methodology that compares cultural factors across different societies to understand their influence on human behavior and attitudes.

Longitudinal Study

A study framework that repeatedly examines the same variables (for example, individuals) across short or extended time frames.