On Average,how Many New Product Ideas Are Needed to Generate

question 37

Multiple Choice

On average,how many new product ideas are needed to generate one that reaches the consumer market?

• A) 25
• B) 50
• C) 75
• D) 100
• E) 500

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Definitions:

Installment Plan

A payment method allowing a purchaser to pay for goods or services over a period of time in regular, fixed amounts.

Finance Company

A company that makes loans to individuals and/or businesses.

Breach of Agreement

The failure to fulfill the terms of a contract by one or more parties involved.

Faulty Goods

Products that are defective, damaged, or not functioning as intended when sold.