Which of the following is not a reason firms innovate and develop new products?
A)To obey government mandates
B)To achieve a competitive advantage
C)To gain market share
D)To take advantage of higher profitability on a new product
E)To enhance a brand name

Question

Quizplus · Accepted Answer

The other options (B, C, D, E) are all common reasons why firms innovate and develop new products, but complying with government mandates is not typically a driving force behind innovation. While a firm may innovate in order to meet government regulations related to safety, environmental impact, or other areas, this would be an indirect reason for innovation rather than a direct goal.

Which of the Following Is Not a Reason Firms Innovate