Which of the Following Statements Is True Regarding How Customers

question 95

Multiple Choice

Which of the following statements is true regarding how customers' understanding of a new product can contribute to its failure?

• A)Customers are fully aware of the benefits of a new product.
• B)Customers do not want to buy the product at its current price.
• C)Customers do not understand the benefits of a new product.
• D)Customers do not know where the product is available.

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Definitions:

Variety

In economics, it represents the assortment or range of different products, services, or goods available in a market.

Export Products

Goods or services produced in one country and sold to buyers in another country.

Cheaper Elsewhere

A phrase indicating that an item or service can be purchased at a lower cost in a different location or market.

U.S.-produced Goods

Products that are manufactured, created, or assembled within the United States.