msyakir49 msyakir49
  • 08-12-2020
  • Business
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Why do so many new products fail? Give your opinion

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Mylnc15
Mylnc15 Mylnc15
  • 08-12-2020

Answer:

BECAUSE THEY SUCK

No jk

Explanation:

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

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kdh5FrIkInEeDhELp kdh5FrIkInEeDhELp
  • 08-12-2020
The cost may be too much so people won’t want to buy. It could be because they haven’t reached out to the right audience or just no one has really noticed the product.
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