Question

Other things being equal, the rate of new product development seems to be greater in countries where Group of answer choices underlying domestic demand is weak. intense competition is present. consumers belong to lower social strata. infrastructure is in the developing phase.

Answer 1

Generally, new product development is greater in countries where b. intense competition is present.

Competition is the main driver of new product development. The competitive environment is followed by the state of infrastructure in the country and strong domestic demand.

New product development does not happen where domestic demand is weak, consumers belong to the lower social strata, or the infrastructure of the country is still in the developing phase.

Thus, new product development is favored by b. intense competition.

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