Question

One of the potential benefits to a firm of introducing new-to-the-world products or services is Multiple Choice cost savings. the ability to avoid paying pioneers for new product development. late majority marketing.

Answer 1

The best answer to this question is the unlisted option of d) establishment of a completely new market.

Benefits of introducing products to market

• A chance to build a new market that buys the good you sell.
• A chance to build strong brand loyalty to the new type of products introduced.

Being the first to bring a product to market is therefore very advantageous as it puts one in the dominant market position in a new market thereby guaranteeing profit.

In conclusion, option d is correct.

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