Launching a "new-to-the-market" product is very risky but can be very profitable.

Name: Launching a "new-to-the-market" product is very risky but can be very profitable.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Launching a "new-to-the-market" product involves high risk due to uncertainties in market acceptance and competition, but it can also lead to high profits if the product successfully meets untapped customer needs or creates a new market.

Launching a "New-To-The-Market" Product Is Very Risky but Can Be