One of the Reasons New Products Can Fail Is________

question 52

Multiple Choice

One of the reasons new products can fail is________.

• A) low development cost
• B) government regulations
• C) poor packaging
• D) ignored or misinterpreted market research
• E) all of the above

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Definitions:

Production

The process of creating goods or services by combining various resources like labor, materials, and technology.

Feasible Terms

Conditions or criteria that can be realistically achieved or met in a particular context or agreement.

Production Possibilities

The different combinations of goods and services that a society can produce given its available resources and technology.

Comparative Advantage

The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than competitors.