Final answer:
The answer is true, as profit goal assessment is crucial in the business analysis stage of new-product development. This involves analyzing factors like product strategy, production methods, market conditions, and competitive environment to ensure the product's financial viability and the firm's sustainability.
Step-by-step explanation:
The statement "An important question in the business analysis stage of new-product development is, 'Will this product meet our profit goal?'" is True.
In the business analysis stage, determining if a new product will meet profit goals is essential. This involves assessing many factors which include questioning what products to produce, how to produce them, how much of the product to output, at what price to sell, and how much labor to employ.
These considerations are influenced by production and cost conditions, as well as market structure, which encompasses the competitive nature of the industry, the similarity between products, and market entry barriers for new businesses.
A firm's decision on their product line, production process, output, pricing strategy, and labor requirements are all critical to ensuring profitability and sustainability in the marketplace.
In market economies, these factors are aligned to meet consumer needs and wants, create products efficiently, and determine the recipient of the goods and services produced.
The capability of a monopolistic competitor to determine a profitable price reflects its understanding of costs, market demand, revenue, and the economic environment.
Ultimately, firms that do not realize sufficient profits may opt to exit the industry, underlining the importance of profitability as a key indicator for business continuity.