Lack of product differentiation is a common reason that new products fail.

Question

Quizplus · Accepted Answer

If a new product does not have any unique features or benefits that differentiate it from existing products on the market, consumers may not see a reason to choose it over the alternatives. This can result in low sales and the product failing to gain traction. Therefore, lack of product differentiation is indeed a common reason for new product failures.

Lack of Product Differentiation Is a Common Reason That New