Manufacturers Engage in Risk Taking When They Create Goods and Services

question 86

True/False

Manufacturers engage in risk taking when they create goods and services based on research and their belief that consumers need them.

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Definitions:

Unrelated Products

Products that belong to different markets or sectors, showing no direct connection or use relation.

New Customers

Individuals or entities that have never purchased from or engaged with a brand or business before.

Existing Products

Products that are currently available in the market, developed and sold by companies.

Existing Customers

Individuals or entities that have previously made purchases from a business and may continue to do so.