Which statement reflects a way that companies can reduce the risk of new-product failure? Multiple Cholce skip steps in the development process to market a product sooner understand current market trends to anticipate demand know that it is impossible to anticipate changes in the market realize that failure is not an option focus on the needs of the firm more than the needs of the customer

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section: Chapter Questions
Problem 9AA
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Which statement reflects a way that companies can reduce the risk of new-product failure?
Multiple Cholce
skip steps in the development process to market a product sooner
understand current market trends to anticipate demand
know that it is impossible to anticipate changes in the market
realize that failure is not an option
focus on the needs of the firm more than the needs of the customer
Transcribed Image Text:Which statement reflects a way that companies can reduce the risk of new-product failure? Multiple Cholce skip steps in the development process to market a product sooner understand current market trends to anticipate demand know that it is impossible to anticipate changes in the market realize that failure is not an option focus on the needs of the firm more than the needs of the customer
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