Which of the following is a characteristic of countries where new-product development is strong?
A) competition is weak
B) demand is strong
C) consumers are having little to say
D) little money is spent on basic and applied research and development
E) markets are regulated

Question

Quizplus · Accepted Answer

Strong demand for new products is a characteristic of countries with strong new-product development. This suggests that consumers are interested in trying new things and are willing to spend money on them, which creates a favorable environment for companies to invest in research and development to create new products. It also indicates that there is likely to be competition in the market as companies compete to offer the latest and most innovative products. The other options are not consistent with a strong environment for new-product development.

Which of the Following Is a Characteristic of Countries Where