Which of the following is necessary for successful new-product development?
A. A market pioneer mindset and a holistic approach
B. A customer-centered, team-based, systematic approach
C. An innovation management system and sequential product development
D. A team-based, innovation-management approach
Answer: Option B
Related Questions on Marketing Management
Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
A. Product
B. Selling
C. Customer
D. Production
Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
A. Innovators
B. Late majority
C. Early majority
D. Late adopters

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