One of the Eight Primary MARKETING-RELATED Reasons for New-Product Failure

question 314

Multiple Choice

One of the eight primary MARKETING-RELATED reasons for new-product failure is __________.

• A)skipping steps in the new-product process
• B)pushing a poorly conceived product too early into the market
• C)no economical access to buyers
• D)not learning from past new-product failures
• E)not understanding the legal definition of newness.

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Definitions:

Long-Run Equilibrium

A state where all factors of production are variable, leading to the optimal distribution of resources in the market.

Demand Curve

A chart that illustrates the link between a product's cost and the amount of the product consumers want to buy at those prices.

Cherry Industry

A sector of agriculture that focuses on the cultivation, harvest, and distribution of cherries.

Efficiently Allocated

A situation where resources are distributed in a manner that maximizes the overall benefit to society or an economy, with no way to improve anyone's condition without worsening someone else's.