Although developing new products can help a company get ahead in the marketplace,if a company currently markets a successful product,there is no need to spend money or staff time on developing new products.

Question

Quizplus · Accepted Answer

Even if a company currently markets a successful product, it is still important to invest in research and development to stay competitive and adapt to changing consumer needs and preferences. Failing to innovate and develop new products could result in the company's product becoming outdated or losing market share to competitors.

Although Developing New Products Can Help a Company Get Ahead