Why is successful new- product introduction becoming increasingly more difficult?
A) New- product development costs are so low that any company with a good idea can create a new product.
B) Government regulations have become so stringent that new products are usually years in the testing stage while waiting approvals.
C) Products become outdated at a much faster rate than ever before.
D) Creating new products is not costly.
E) Many international companies are engaging in product innovation.
Correct Answer:
Verified
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