When entrepreneurs develop new products, other companies also experience growth because they


Asked by maham237 @ in History viewed by 790 People


immediately copy the successful product. create many companion products. try to develop their own products. attempt to improve the product.

Answered by maham237 @


Answer;

The new products create many companion products

Explanation;

New products may be defined as any product, service, or idea not currently made or marketed by a company, or which the consumer may perceive as new. New product development is an example of internal strategy in entrepreneurship.

Internal Strategies are strategies for encouraging growth that involve efforts within the company itself.

The dynamics of markets, technology, and competition have brought changes to virtually every market sector and have made new product development one of the most powerful business activities .


Do you know the better answer?

Similar Questions

The last step in the new product development process is

Asked by admin @ in Business viewed by 82 persons

The last stage of the new-product development process is

What type of economic growth do most developed economies experience

Asked by admin @ in Geography viewed by 93 persons

What type of economic growth do most developed economies experience? rapid growth unpredictable growth moderate growth slow growth

The principal by-product of the norming stage of team development is

Asked by wiki @ in Business viewed by 108 persons

-conflict. -uncertainty. -group cohesiveness. -empowerment. -adjournment.

What is a main reason why entrepreneurs experience daily stress

Asked by admin @ in Social Studies viewed by 130 persons

What is a main reason why entrepreneurs experience daily stress? They have considerable responsibility. They need to spend time training employees. They need to have sufficient income to pay loans. …

What do you mean by growth and development

Asked by admin @ in Biology viewed by 103 persons

What do you understand by growth and development ? describe with example...???​

Role of entrepreneur in economic growth as an innovator

Asked by admin @ in Business Studies viewed by 79 persons

Role of entrepreneur in economic growth as an innovator

Shares received from the new company are recorded at

Asked by admin @ in Accountancy viewed by 290 persons

Share received from the new company are recorded at___ a) face value b) average price c) market value d) none of this ​

How do plant hormones affect plant growth and development answers

Asked by admin @ in Biology viewed by 105 persons

How do plant hormones affect plant growth and development?

What is the best business organization for annabeth's new company

Asked by maham237 @ in Business viewed by 238 persons

Scenario:Annabeth is a mechanical engineer who specializes in making machine parts. She wants to buy a factory and begin making machine parts for solar panels, a growing business sector in …

Is amazon a product based company or service based company

Asked by admin @ in Business viewed by 109 persons

1. Choose a well-known company that you know of, and answer the following questions about it: a. Is this mainly a product-based or service-based business? (1.0 points) b. What type …

Which developed country has the fastest population growth rate today

Asked by admin @ in Biology viewed by 95 persons

Which developed country has the fastest population growth rate today

The best product development strategy for most firms is to

Asked by admin @ in Business viewed by 97 persons

Most firms enter international markets sequentially, introducing their ____ first. a. most innovative products b. products customized to the region c. most generic products, which will be more likely to …

Interpreting new experiences in terms of existing schemas is called

Asked by admin @ in Social Studies viewed by 79 persons

According to Piaget, assimilation involves a.interpreting new experiences in terms of one's current understanding. b.altering existing schemas in order to incorporate new information. c. training children to behave in a …

Most viewed questions in History


Candle making in colonial america reading answers test 5 answers

Asked by admin @ in History viewed by 7008 persons


Venezuelans started buying items immediately because of their fear of

Asked by maham237 @ in History viewed by 1946 persons


Lets grow with composite mathematics class 8 solutions pdf

Asked by admin @ in History viewed by 1496 persons


Commonlit teaching shakespeare in a maximum security prison answer key

Asked by admin @ in History viewed by 1426 persons


Which occurs during disequilibrium? check all that apply.

Asked by wiki @ in History viewed by 1090 persons



Why did the termite like expensive hotels worksheet answer key

Asked by maham237 @ in History viewed by 1019 persons


Two ways of looking at a river commonlit answers key

Asked by maham237 @ in History viewed by 1014 persons


On which day are your answering stats reset

Asked by admin @ in History viewed by 915 persons


4.3 puzzle time answers algebra 2

Asked by maham237 @ in History viewed by 862 persons


Lowman consulting answer key

Asked by maham237 @ in History viewed by 859 persons



What is taplow's opinion about the greek tragedy agamemnon

Asked by admin @ in History viewed by 805 persons


Why did king kong eat a truck worksheet answer key

Asked by maham237 @ in History viewed by 794 persons


Why does mandela reference other nobel peace prize recipients

Asked by maham237 @ in History viewed by 702 persons


How was india that is bharat perceived by foreigners

Asked by admin @ in History viewed by 686 persons