Which of the Following Is a Common Reason for New

question 81

Multiple Choice

Which of the following is a common reason for new product failure?

• A) incorrect estimation of the market size
• B) low product development costs
• C) ineffective social marketing campaigns
• D) low selling prices of products
• E) patent ownership exclusively held by the company

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Definitions:

Appraisers Inflate

A situation where property or asset valuers intentionally estimate higher values than what is genuine, often leading to skewed market prices or unfair advantages.

Similar-to-me Error

A cognitive bias in decision-making processes, where individuals favor those who are similar to themselves.

Contrast

The state of being strikingly different from something else, typically something in juxtaposition or close association.

Performance Ratings

A method for evaluating an employee's job performance, typically based on predefined criteria and metrics.