Which of the following is NOT a major reason for the importance of new products to a company?
A) New products can utilize waste materials and byproducts of existing products.
B) New products are generally necessary to maintain a balanced portfolio.
C) New products can reduce a firm's total investment requirements.
D) New products can help maximize the efficiency of a firm's distribution system.

Question

Quizplus · Accepted Answer

New products typically require significant investment in research, development, marketing, and production setup. They do not reduce a firm's total investment requirements but rather can increase them in the short term.

Which of the Following Is NOT a Major Reason for the Importance