Introducing a new product or service involves substantial risk, and upwards of ___________ innovations fail, depending on industry.
A) 20 - 50%
B) 40 - 70%
C) 50 - 90%
D) 60 - 90%
E) 70 - 90%

Question

Quizplus · Accepted Answer

The failure rate for new products and services can be very high, with estimates suggesting that 50 to 90% of innovations fail, depending on the specific industry. This high failure rate underscores the risks involved in introducing new offerings to the market.

Introducing a New Product or Service Involves Substantial Risk, and Upwards