Success or failure of a new product is determined by the actions of the company.The factor or factors that increase the likelihood of failure can be described as _______.

Question

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All of the above factors can contribute to the failure of a new product. Poor marketing communications can lead to a lack of awareness and interest among potential customers. Failure to meet customer expectations can result in negative reviews and a decrease in demand. Incorrect pricing can make the product too expensive or too cheap, both of which can deter customers. Failure to identify the value proposition means that the product is not solving a problem or meeting a need that customers have, which can make it irrelevant in the marketplace.

Success or Failure of a New Product Is Determined by the Actions