Which of these is NOT a major reason behind the importance of new products?
A) Lower research and development budgeted expenses
B) Maintenance of a balanced product portfolio through growth-oriented products
C) Diversification
D) Increased distribution system efficiency

Question

Quizplus · Accepted Answer

Lower research and development budgeted expenses are not a reason behind the importance of new products. Typically, new products require significant investment in research and development, which increases expenses rather than lowering them. The importance of new products is often related to growth, diversification, and efficiency improvements, not reducing R&D expenses.

Which of These Is NOT a Major Reason Behind the Importance