Companies That Fail to Develop New Products Are Putting Themselves

question 113

Essay

Companies that fail to develop new products are putting themselves at risk.Explain why this is true.

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Definitions:

Balance

A condition in which different elements are equal or in the correct proportions, often used in financial contexts to denote the amount of money available in an account.

Arithmetic Sequence

A sequence of numbers in which each term after the first is obtained by adding a constant difference to the preceding term.

Recursive Definition

A definition of a function, sequence, or process in which the next term is defined in terms of previous terms.

Common Difference

The consistent difference between consecutive terms in an arithmetic sequence.