The Primary Reason Found for New Product Failure Is an Inability

question 25

Multiple Choice

The primary reason found for new product failure is an inability on the part of the selling company to match its offerings to the _____.

• A)needs of the customer
• B)products offered by its competitors
• C)prevailing price for its product
• D)market leader's selling price

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Definitions:

ASPE

Accounting Standards for Private Enterprises, a set of accounting practices and principles for private companies in Canada.

Equity Basis

An accounting method where investments are recorded at the original cost plus or minus any subsequent changes in the value of the invested assets, often used in consolidation.

Cost Basis

The original value of an asset for tax purposes, usually the purchase cost, adjusted for stock splits, dividends, and return of capital distributions.

Unanimous Consent

An agreement method where all parties involved must agree entirely on a decision or action.