Which of the following statements is not true regarding new product development?
A) New product development involves designing, producing, and selling new products as a means of increasing firm revenues and profits.
B) When new product development is properly executed, there is tremendous upside potential.
C) The key to successful new product development strategy is to develop products that aren't simply me-too products.
D) In general, developing new products is a low-risk strategy.
E) In many fast-paced industries, new product development is a competitive necessity.
Question 2
The operations section of the Barringer/Ireland Business Model Template includes three sections: product (or service) production, channels, and key partners.
Indicate whether the statement is true or false
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