In the new product development process, new product is introduced to the market during the ________ stage.

Business

1 answer:

prohojiy [21]2 years ago

5 0

Answer:

Introduction

Explanation:

The product is new in the market, sales are slow and to push it higher the company has to incur heavy expenditure on advertisement to make it appealing to customers. So products are introduced during the Introduction Stage.

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If the closing costs were 5% of the loan amount, how much was the loan amount?

scoray [572]

B) $70,880..........................

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3 years ago

when an organization produces only a single product and attempts to sell it to two or more market segments, it avoids which cost

weqwewe [10]

When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.

For better understanding, lets explain the term

Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing

From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.