Which of the Following New Product Categories Carries the Greatest

question 85

Multiple Choice

Which of the following new product categories carries the greatest risk?

• A)New product lines
• B)Product replacements
• C)New-to-the world products
• D)Additions to existing lines

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Definitions:

Cattle

Domesticated bovine animals raised for their meat (beef), milk, or hides, or as working animals.

Absolute Advantage

The capability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Tractors

Heavy vehicles designed for agricultural use, primarily to mechanize farming tasks including plowing, planting, and harvesting.

Opportunity Cost

Forfeiting possible rewards from various alternatives when a singular option is chosen.