Firms can measure the success of a new product by all of the following factors except
A) satisfaction of its technical requirements.
B) fewer competitors in the market.
C) satisfactory sales and profits.
D) customer acceptance.
E) satisfactory performance.

Question

Quizplus · Accepted Answer

While having fewer competitors in the market can certainly be advantageous for a new product, it is not a direct measure of that product's success. The other four options are more directly related to measuring success, as they all consider either the technical aspects, sales and profits, customer acceptance, or performance of the product.

Firms Can Measure the Success of a New Product by All