The High Failure Rate of New Products Shows That Companies

question 85

Multiple Choice

The high failure rate of new products shows that companies are not able to ________.

• A) control demand
• B) advertise enough
• C) understand international laws
• D) find outlets
• E) identify consumer needs

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Definitions:

Unilateral Contract

A unilateral contract is a type of agreement in which only one party makes a promise or undertakes a performance to induce a second party into an action, without requiring a reciprocal agreement.

UCC

The Uniform Commercial Code, a standardized set of laws and regulations designed to facilitate commercial transactions and harmonize business law across the U.S.

Section 2-207

Refers to a provision in the Uniform Commercial Code dealing with the acceptance of an offer and the terms of contracts.

Taking Advantage

Taking advantage refers to the act of using a situation or person's condition to gain a benefit, often in an unethical or unfair manner.