Which of the Following Statements Is True of New Product

question 11

Multiple Choice

Which of the following statements is true of new product planning and development?

• A)Most new products that are introduced in the market are successful.
• B)New product development and introduction is a relatively cheap process as it does not involve opportunity costs.
• C)Companies have relatively similar patterns of effectiveness of their new product programs.
• D)New product sales grow far more rapidly than sales of current products.

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Definitions:

Alexis De Tocqueville

A French political thinker and historian best known for his works "Democracy in America," in which he analyzed the improved living standards and social conditions of individuals, as well as the influence of the democratic way of life.

Alexis De Tocqueville

A French political thinker and historian best known for his works "Democracy in America," exploring American society, politics, and culture.

Emile Durkheim

A founding figure in sociology, who focused on the ways societies could maintain their integrity and coherence in modernity, renown for his theory on social facts.

Emile Durkheim

A French sociologist, one of the founding figures of sociology, known for his studies on social structure and integration.