Management Notes

Reference Notes for Management

Which Of The Following Statements Concerning New Products Is Correct?

Which Of The Following Statements Concerning New Products Is Correct?

Which Of The Following Statements Concerning New Products Is Correct?

 Options:

A. Modified and improved products are considered new.
B. Most new products succeed within two years of their introduction.
C. Products that are merely improved in some way are not considered new.
D. To be considered new, the product must be something consumers have not seen before.
E. A modified product is not considered a new product.

The Correct Answer Is:

  • A. Modified and improved products are considered new.

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