Companies that fail to develop new products leave their existing offerings vulnerable to increased domestic and foreign competition.

Name: Companies that fail to develop new products leave their existing offerings vulnerable to increased domestic and foreign competition.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

By not developing new products or enhancing existing ones, companies risk falling behind competitors who are introducing new and innovative offerings. This can lead to lost market share and reduced profitability.

Companies That Fail to Develop New Products Leave Their Existing