Which of the following is the most important factor in successful new-product introduction? Group of answer choices The new product should be priced lower than other products in the same category. The new product should deliver a meaningful and perceivable benefit to a sizable number of people. The product should not be developed using crowdsourcing. The features of the new product should be similar to its substitutes in the marke

Question

Isaiah Gonzalez

Business

9 April, 22:26

Which of the following is the most important factor in successful new-product introduction? Group of answer choices The new product should be priced lower than other products in the same category. The new product should deliver a meaningful and perceivable benefit to a sizable number of people. The product should not be developed using crowdsourcing. The features of the new product should be similar to its substitutes in the marke

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Answers (2)

Know the Answer?

Kaila Avila · Answer 1

The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

Explanation:

Whenever the new product is introduced in the market the motive of introducing the new product is to sell more and more products to the consumers and attains maximum profit but for that, we have to understand the customer needs and wants according to them that the product should be delivered to the customer. It should be attractive, pocket-friendly, benefited, etc

If the customer is satisfied with our new product then automatically the company could achieve its sales target.

So the product delivered the meaningful product

Aryan Mendez · Answer 2

The correct answer is letter "B": The new product should deliver a meaningful and perceivable benefit to a sizable number of people.

Explanation:

A new product is a good or service that is going to be introduced to the market to satisfy the need for a specific sector. For the new product to be successful, the need that it satisfies should represent a benefit for the target audience great enough to make them pay for it. Besides, the new good or service must bring a differential feature to consider it more attractive compared to competitors or similar products that might already exist.