An organization will enter the decline stage if it fails to manage the liability of newness.

Name: An organization will enter the decline stage if it fails to manage the liability of newness.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The liability of newness refers to the challenges and risks associated with introducing a new product or service to the market. If an organization fails to manage this liability effectively, it can lead to a decline in sales and market share, ultimately resulting in the decline stage of the product life cycle.

An Organization Will Enter the Decline Stage If It Fails