Even If They Succeed, New-To-The-World Products Are

question 104

Multiple Choice

Even if they succeed, new-to-the-world products are

• A)generally not profitable.
• B)not adopted by everyone at the same time.
• C)not capable of creating new markets.
• D)not subject to the law of first movers.
• E)typically very short-lived.

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Definitions:

Simulation

The attempt to duplicate the features, appearance, and characteristics of a real system, usually via a computerized model.

Failure Rate

The rate at which a designed system or part malfunctions, measured in failures over a specific time period.

Total Quality Management

An approach to long-term success through customer satisfaction, focusing on continuous improvement of processes, products, and services.

Strategic View

A perspective that focuses on long-term objectives and overall positioning, often involving comprehensive analysis and planning.