A Major Reason for Poorly Conceived Product Getting into the Marketplace

question 303

Multiple Choice

A major reason for poorly conceived product getting into the marketplace and ultimately failing is marketing managers

• A)are under too much pressure from top management and release products without the network of services to support the physical product.
• B)are kept out-of-the loop when it comes to the day-to-day operations of their departments.
• C)there is too much competition amongst managers from different divisions, so whoever gets to market first supposedly "wins."
• D)have too much authority and too little knowledge.
• E)have more than adequate formal educations (MBAs) but too little real world experience.

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no distinction between the business and the owner.

Business Debts

Financial obligations that a business owes to creditors, which can include loans, bonds, and other forms of borrowing.

Liability

A legal obligation or responsibility that can be enforced by law, typically involving debts or financial obligations.

General Partnership

A business structure where two or more individuals share ownership, profits, and liabilities of the business.