TechSense was the first company to introduce a GPS-enabled shoe into the market and shoe sales are rapidly increasing.Which of the following is most likely to be true for TechSense?
A) TechSense has incurred significant research and development expenses.
B) Consumers will be able to change to a competitor's product relatively easily.
C) TechSense's product is a perfect match with customer requirements.
D) Complementary goods producers are aplenty.

Question

Quizplus · Accepted Answer

The fact that TechSense was the first company to introduce a GPS-enabled shoe into the market suggests that they had to invest significant resources into research and development to create a unique product that stands out from competitors.

Answer: B
 While TechSense's product may be innovative and popular, consumers may still choose to switch to a competitor's product if it better meets their needs or if they offer a more attractive price point.

Answer: C
 We cannot make assumptions about whether TechSense's product is a perfect match with customer requirements based solely on the fact that shoe sales are rapidly increasing. More information would need to be gathered through market research and customer feedback.

Answer: D
 The statement does not provide any information about the availability of complementary goods producers, so we cannot determine whether they are aplenty or not.

TechSense Was the First Company to Introduce a GPS-Enabled Shoe