Most existing products become obsolete. For a firm to continue to grow, it must do all of the following EXCEPT ____.
A) move all production to the firm's existing facilities for economies of scale
B) generate research and development investment proposals
C) invest in marketing research
D) invest in new plants

Question

Quizplus · Accepted Answer

Moving all production to existing facilities can lead to production inefficiencies and lack of agility in responding to market changes. Therefore, it is important to invest in new plants to accommodate growth and changes in demand. In addition, generating R&D investment proposals and investing in marketing research are vital for the development of new products and responding to market trends.

Most Existing Products Become Obsolete