<em>It can be </em><em>challenging to define and apply the term "new" </em><em>to items. One can consider it from an</em><em> organizational, consumer, or even legal standpo</em>int.
<h3>The meaning of "new product"</h3>
"New products" can include items that have never been produced or sold by your company previously but have been introduced to the market by others. new product innovations developed and released to the market. They could be wholly original works or previously released works that you have improved and updated.
<h3>What is a new to the company product?</h3>
Products that are new to the company, meaning that while other companies may have created or sold them before, the company has never done so. Products that have just entered the market and have never before been available there
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Answer:
True
Explanation:
Balance sheet is the financial report of an organization that includes investments, liabilities, assets wealth, overall debt, etc. during a given time.
The income statement is one of the company's financial statements that indicates the company's profits and expenditures for a specific period of time. This shows how the profits are converted into net revenue or net income.
Answer:
C. Shut down the presses printing my book
Explanation:
Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.
In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.
True
Basic unit of consumer sector consisting of all persons who occupy a house, apartment, or separate living quarters.
Answer:
The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.
Explanation:
The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.
