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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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.