Question

There are eight marketing reasons why a new product can fail: (1) no economic access to buyers;(2) incomplete market and product protocol before product development starts; (3) not satisfying customers on critical factors; (4) bad timing; (5) too little market attractiveness; (6) poor product quality; (7) poor execution of the marketing mix; and (8) ________.

Answer 1

Insignificant point of difference

Step-by-step explanation:

Many factors can affect the success or failure of new products. Sometimes ideas that seem great in the market seem "fiasco" or ideas that seem very simple "true hits."

90% of all these new models fail, before reaching 2 years of life