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Which of the Following Statements Is True of New Product

Question 17

Multiple Choice

Which of the following statements is true of new product planning and development?


A) Most new products that are introduced in the market are successful.
B) New product development and introduction is a relatively cheap process as it does not involve opportunity costs.
C) Companies have relatively similar patterns of effectiveness of their new product programs.
D) New product sales grow far more rapidly than sales of current products.

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