Which of the following is an important reason for a firm to understand new products?
A)the high cost of developing new products
B)the high cost of bringing new products to market
C)customer demands concerning new products
D)the high cost of new products that fail
E)all of the above

Question

Quizplus · Accepted Answer

Understanding new products is crucial for firms due to the high costs associated with development, market introduction, and potential failure, as well as meeting customer demands.

Which of the Following Is an Important Reason for a Firm