Which statement reflects a way that companies can reduce the risk of new-product failure? Multiple Cholce skip steps in the development process to market a product sooner understand current market trends to anticipate demand know that it is impossible to anticipate changes in the market realize that failure is not an option focus on the needs of the firm more than the needs of the customer
Which statement reflects a way that companies can reduce the risk of new-product failure? Multiple Cholce skip steps in the development process to market a product sooner understand current market trends to anticipate demand know that it is impossible to anticipate changes in the market realize that failure is not an option focus on the needs of the firm more than the needs of the customer
Chapter1: Making Economics Decisions
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![Which statement reflects a way that companies can reduce the risk of new-product failure?
Multiple Cholce
skip steps in the development process to market a product sooner
understand current market trends to anticipate demand
know that it is impossible to anticipate changes in the market
realize that failure is not an option
focus on the needs of the firm more than the needs of the customer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9d184912-a529-4d2d-9e30-87225648d1fe%2F4ddadac0-577a-4fdb-8920-a5dfae0eb1b0%2Fm9jxmy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which statement reflects a way that companies can reduce the risk of new-product failure?
Multiple Cholce
skip steps in the development process to market a product sooner
understand current market trends to anticipate demand
know that it is impossible to anticipate changes in the market
realize that failure is not an option
focus on the needs of the firm more than the needs of the customer
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