Which of the following represents an opportunity for generating a new product?
A) understanding the customer
B) demographic change, such as decreasing family size
C) changes in professional standards
D) economic change, such as rising household incomes
E) All of these are such opportunities.

Question

Quizplus · Accepted Answer

All of the options listed could potentially provide opportunities for generating a new product. Understanding the customer and demographics changes can help identify unmet needs and develop products to meet them. Changes in professional standards may create the need for new products or services to meet those standards. Economic changes can provide opportunities to cater to new markets or consumers with higher incomes.

Which of the Following Represents an Opportunity for Generating a New