New Products Are Important to a Company for All the Following

question 101

Multiple Choice

New products are important to a company for all the following reasons EXCEPT:

• A) increased revenues
• B) immediate profits
• C) sustained growth
• D) increased product loyalty
• E) greater market responsiveness

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Definitions:

Withdraw

To remove funds from a bank account or investment, or to retract from participation in an activity or agreement.

Compounds Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Down Payment

An initial payment made when something is bought on credit, representing a portion of the purchase price.