A Product Strategy That Includes a New Product That Is

question 30

Multiple Choice

A product strategy that includes a new product that is quite different from existing products:

• A)can be more challenging to manage.
• B)is often used by small businesses.
• C)will likely determine the future direction of the business.
• D)is encouraged, as long as it represents no more than half of the business's product offerings.

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Definitions:

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward, often associated with better long-term outcomes.

Panic Button Effect

The phenomenon where access to a means of getting help in emergency situations (such as a panic button) can notably reduce anxiety and fear.

Recreational Athletics

Sports or physical activities engaged in for enjoyment, health, or social interaction, rather than for professional or competitive purposes.

Realistic Thinking

Focusing on facts and evidences to form beliefs or understand the world, acknowledging the actual state of affairs.