Which of the Following Was Not Identified in Chapter 14

question 18

Multiple Choice

Which of the following was not identified in Chapter 14 as one of the top five reasons new products fail?

• A) The potential market was overestimated.
• B) Customers saw the product as too expensive.
• C) Lack of passion for the product
• D) The product was no different than the competition's.
• E) The costs of developing the product line were too high.

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Definitions:

Nominal

Relating to variables that consist of categories or labels with no inherent order or ranking among them.

Gender of Child

A demographic variable indicating the biological sex of a child.

Samples and Populations

Refers to the process of selecting a subset (sample) from a larger group (population) to make inferences about the whole.

Nominal

Pertaining to data that consists of names, labels, or categories without any inherent order or ranking.