Which of the following is NOT one of the benefits to a firm of new product development?
A) reduced costs of production.
B) satisfying the changing needs of current and new customers.
C) avoiding market saturation from products that have been on the market for a long time.
D) creating diversification and reducing risk.
E) keeping up in a market where sales come mostly from new products.

Question

Quizplus · Accepted Answer

New product development often involves higher costs of production due to research and development expenses. While new products may offer cost-saving benefits in the long term, this is not typically a direct benefit of the development process itself.

Which of the Following Is NOT One of the Benefits