Developing new products is risky, time consuming, and expensive with a high rate of failure. Nevertheless, "failing to introduce new products can be just as hazardous." What is meant by this quote?
What will be an ideal response?
Answers will vary. If a company and their products or services become stale, competitors will take over that market; that is a risk unto itself. Despite the risk of devoting resources to new product development, successful new products bring a number of benefits: survival of the firm, profits, a sustainable competitive advantage, and a favorable image.
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If a bride-to-be breaks her engagement, she generally must return the engagement ring under both the fault rule and the objective rule standards
Indicate whether the statement is true or false
Halim, one of your employees, always seems to be "taking it easy," often ignores problems that arise, and rarely takes action on his own. It is likely that Halim is
A. highly agreeable. B. emotionally unstable. C. not a proactive personality. D. an introvert. E. low on practical intelligence.
As per the ________, the entity will remain in operation for the foreseeable future
A) economic entity concept B) monetary unit assumption C) going concern assumption D) cost principle
If the dollar appreciates relative to the Swiss franc,
A) Swiss chocolate will become more expensive in the United States. B) American computers will become less expensive in Switzerland. C) Swiss chocolate will become cheaper in the United States. D) both A and B of the above will happen.