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When a New Product Fails in a Test Market,this Means

question 26

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When a new product fails in a test market,this means that the test market for this product was a failure.


Definitions:

Global Corporations

Large business entities operating in multiple countries around the world, often having a significant impact on global trade, economics, and cultural exchanges.

Cultural Intelligence

The ability to adapt, adjust, and work well across cultures.

Sustainable Development

The use of environmental resources to support society’s needs today, while also preserving and protecting them for use by future generations.

Technology Transfer

The process of sharing or disseminating technology between different organizations, or within parts of the same organization.

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