A successful new product does more good for a firm than anything else that can happen.

Question

Quizplus · Accepted Answer

A successful new product can generate revenue, increase market share, improve brand image, and attract new customers, which can have a significant impact on a firm's success and profitability. In contrast, other factors such as cost-cutting or operational improvements may improve efficiency and reduce costs, but may not have as much impact on a firm's overall success as a successful product launch.

A Successful New Product Does More Good for a Firm