Which of the Following Is the Most Important Factor in Successful

question 8

Multiple Choice

Which of the following is the most important factor in successful new-product introduction?

• A)​The features of the new product should be similar to its substitutes in the market.
• B)The product should not be developed using crowdsourcing.
• C)The new product should be priced lower than other products in the same category.
• D)​The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

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Definitions:

Organizational Productivity

The measure of how efficiently and effectively an organization uses its resources to achieve its goals, often reflected in its output or achievements.

Stakeholders

Individuals or groups that have an interest in the activities and outcomes of a business or project and can be affected by its performance.

Task Environment

This term describes the immediate surroundings, conditions, and variables that directly impact an organization's operations and performance.

Regulatory Agencies

Government bodies responsible for overseeing the enforcement of laws and regulations within specific sectors to ensure safety, fairness, and compliance.