Which of the Following Statements Is NOT True Regarding New

question 42

Multiple Choice

Which of the following statements is NOT true regarding new product development?

• A) New product development involves designing, producing, and selling new products as a means of increasing firm revenues and profits.
• B) When new product development is properly executed, there is tremendous upside potential.
• C) The key to successful new product development strategy is to develop products that aren't simply "me-too" products.
• D) In general, developing new products is a low-risk strategy.
• E) In many fast-paced industries, new product development is a competitive necessity.

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Definitions:

Federal Depository Bank

A financial institution where the government keeps its money and manages its financial transactions.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrifts in the event of bank failures.

Tax Statement

A document that outlines the amount of tax owed to or refunded by the government for a particular financial year.

Form W-2

A tax form used in the United States that reports an employee's annual wages and the amount of taxes withheld from their paycheck.