Asked by Abigail Dupont on Apr 26, 2024
Verified
Regardless of market conditions, most new products introduced in the marketplace are successful.
New Products
Items that have been recently introduced to the marketplace and offer new features, benefits, or improvements over previous versions.
Market Conditions
The characteristics and influences that affect the supply and demand for products and services in a particular market.
Successful
Describes achieving set goals or objectives through effective planning, execution, and evaluation, often associated with positive outcomes or profitability in a business context.
- Recognize the importance of satisfying customer needs as the core of marketing.
Verified Answer
TN
Tayyaba NaqviApr 26, 2024
Final Answer :
False
Explanation :
Most new products fail to meet expectations in the marketplace due to various reasons such as poor market fit, inadequate marketing, or competition.
Learning Objectives
- Recognize the importance of satisfying customer needs as the core of marketing.