Which of the Following Is NOT One of the Benefits

question 47

Multiple Choice

Which of the following is NOT one of the benefits to a firm of new product development?

• A) Reduced costs of production.
• B) Satisfying the changing needs of current and new customers.
• C) Avoiding market saturation from products that have been on the market for a long time.
• D) Creating diversification and reducing risk.
• E) Keeping up in a market where sales come mostly from new products.

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Definitions:

Prejudice And Discrimination

Negative attitudes and unfair behaviors directed toward individuals or groups based on preformed, unjustified opinions or stereotypes.

General Environment

Pertains to the wider external environment in which an organization operates, including economic, political, societal, technological, legal, and environmental factors.

Specific Environment

Refers to the external forces within an industry or sector that directly impact an organization's operations and performance, which include customers, competitors, suppliers, and regulatory agencies.

Elements

Fundamental components or essential parts that make up a whole system, substance, or compound.