Lack of Good Market Analysis, Technical Problems, and Human Error

question 37

Multiple Choice

Lack of good market analysis, technical problems, and human error are reasons for ____. ​

• A)new product failure
• B)product simplification
• C)research and development
• D)shortened product life cycles
• E)All of these choices

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Loss

The state of experiencing a decrease in financial resources or value, often as a result of a business operation, investment failure, or theft.

Break-even Selling Price

The price at which a product must be sold to cover all associated costs of production without making a profit or a loss.

Discounted Price

The final price of a product after applying a discount to its original price.