Which of the following is a characteristic of countries where new-product development is strong?
A)Competition is weak
B)Demand is strong
C)Consumers are having little to say
D)Little money is spent on basic and applied research and development
E)Markets are regulated

Question

Quizplus · Accepted Answer

Strong demand is a critical characteristic of countries where new product development is strong. When demand for innovative products is high, firms are motivated to invest in research and development to create new offerings that meet the needs of consumers.

Other characteristics associated with strong new product development include high levels of competition, consumer involvement in the product design and development process, significant investment in basic and applied research and development, and regulatory frameworks that encourage innovation and experimentation.

Which of the Following Is a Characteristic of Countries Where