Although Developing New Products Can Help a Company Get Ahead

question 122

True/False

Although developing new products can help a company get ahead in the marketplace,if a company currently markets a successful product,there is no need to spend money or staff time on developing new products.

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Definitions:

University of Michigan

A public research university in Ann Arbor, Michigan, known for its comprehensive academic programs and research initiatives.

Path-goal Theory

A leadership theory that suggests leaders can increase subordinate satisfaction and performance by clarifying paths to goals and removing obstacles.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act based on their expectations of outcomes and rewards.

Valuable Payoff

Significant or worthwhile benefits or gains, often as a result of investment or effort in a particular area or activity.