(MCQ | True & False) A Company Launching A New Product Must First Decide ________.

A Company Launching A New Product Must First Decide ________.
MCQ & And True & False Question Answer | Company Launching A New Product Must First Decide ________.

The correct answer is (C) "when to launch the product", as when launching a new product or service into the market, the company must decide, firstly, when to launch the product into the market i.e., the suitable time in which the new product can attract & influence the customers (both existing and new) in the market.

So, a company launching a new product into the market must first decide on where to launch the product is "False".

Launching a new product requires careful examine as it is the time to release the product in front of the audience. The company adopts various mediums and marketing strategies to get maximum exposure when launching its new product. In this way, the customers are well aware of its new products and if they are willing to buy product, they will surely buy new products launched by the company through marketing campaign. Press releases are issued and sent to customers and interested parties who are willing to buy new launched product. Company also offers various promotion offers such as discount offers to influence the customers to buy the product.

Launching new product may fail if the marketing strategies are not implemented properly i.e., the company overestimated the sales revenue and did not adopt the right strategy to satisfy customers and meet their demands while the customers already buy products from competitor offering good quality products at lower price.

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