Ask Question
BusinessBusiness
8 February, 14:36

Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that ___ is risky as well.

+5
Answers (1)
  1. 8 February, 16:30
    0
    Answer: Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that not introducing new products is risky as well.

    Explanation: Launching new products to the market is essential if a company wants to survive. The development of new products is linked to the ability of a company to remain competitive and the longevity of a business. since as time passes new products are created better than the previous ones leaving them obsolete.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining the assets of their separate businesses.
Answers (1)
In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals $500 billion, and net capital outflow equals $280 billion. What is consumption expenditure? a. $280 billion b.
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Decide for each item whether it is part of GDP and, if so, to which expenditure category it belongs. Purchase of 100 shares of General Motors stock
Answers (1)
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land $ 620,000 Sale of salvaged parts already on land $ 20,000 Demolition of the old
Answers (1)
New Questions in Business
If Malcolm shorts 500 shares of a stock priced at $15 per share, how much profit or loss will he realize for each $1 change in stock price? Select the best answer from the choices provided. A. $15 B. $33 C. $500 D. $7,500
Answers (1)
Hevesy Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fixed expense is $300,000 per month. The break-even in monthly unit sales is closest to: a. 2,500 b.
Answers (1)
There is only one small clothing store in the remote village of hooterville, and until recently all of the townspeople bought most of their shirts there.
Answers (1)
Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing higher quality components can reduce the average number of components to 5 per unit. The cost per component is $450.
Answers (1)
What is Average cost
Answers (1)
Home » Business » Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that ___ is risky as well.
Sign Up Forgot Password?