Even though WordPerfect had a great product that fit customer requirements,it lost critical market share to Word for Windows as it was slow in coming out with its windows-based word processing program.This was probably due to the fact that its
A) expected profit margin was too high.
B) product development cycle time was too long.
C) program was too inferior to the Word program.
D) target market was heterogeneous in nature.

Question

Quizplus · Accepted Answer

WordPerfect's slow product development cycle time meant that it was unable to quickly adapt to changing market demands and customer requirements. This ultimately resulted in the loss of critical market share to competitors like Word for Windows.

Even Though WordPerfect Had a Great Product That Fit Customer