Which of the following represents an opportunity for generating a new product?
A)understanding the customer
B)demographic change,such as decreasing family size
C)changes in professional standards
D)economic change,such as rising household incomes
E)All of the above are such opportunities.

Question

Quizplus · Accepted Answer

Understanding the customer can provide insights into what new products or services may be desired. Demographic changes can create new needs or preferences that can be met with a new product. Changes in professional standards may require new products or services to meet those standards. Economic changes, such as rising incomes, can lead to increased demand for certain products or services. Therefore, all of these factors provide opportunities for generating a new product.

Which of the Following Represents an Opportunity for Generating a New