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Developing New Products Is Risky, Time Consuming, and Expensive with a High

question 18

Essay

Developing new products is risky, time consuming, and expensive with a high rate of failure. Nevertheless, "failing to introduce new products can be just as hazardous." What is meant by this quote?


Definitions:

Withholding

The act of deliberately not providing information, resources, or emotions, which can affect communication and relationships.

Personal Information

Data or details about an individual that identify them or reveal their private thoughts, experiences, or characteristics.

Nonconversation

A way to describe the amount of actual conversation in cliché conversation.

Gut-Level Communication

An informal form of communication that is based on instinctive feelings rather than rational thought.

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