How is preannouncement of a new product related to the competitiveness of an industry?
A) The degree of preannouncement decreases when the competitiveness in the industry is high.
B) The degree of preannouncement increases when the competitiveness in the industry is high.
C) The degree of preannouncement remains the same, irrespective of the level of competitiveness in the industry.
D) The degree of preannouncement first increases and then decreases with industry competitiveness.

Question

Quizplus · Accepted Answer

In highly competitive industries, firms are less likely to preannounce new products to avoid giving competitors an advantage or time to respond.

How Is Preannouncement of a New Product Related to the Competitiveness