The Following Questions are linked to this scenario: A car wax company developed a new car wax that is particularly resistant to acid rain. The pollutants in acid rain can cause significant damage to a car's finish.
-The proposed car wax product would yield a 10 percent return on the firm's investment. The car wax manufacturer required a minimum of a 15 percent return to further consider the product. The new product can be best characterized as a(n)
A) problem child
B) absolute product failure.
C) relative product failure.
D) comparative product failure.

Question

Quizplus · Accepted Answer

The new product is a relative product failure because it does not meet the company's minimum required return of 15 percent, even though it has a positive return of 10 percent. It's not an absolute failure since it does yield some return, just not enough to meet the company's criteria.

The Following Questions Are Linked to This Scenario: a Car