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advantages:
- new to the market/ fresh opportunities
- competitors may have reached a declining phase, giving your product an advantage
- knowing the existing competitors and there over all market share and strategy's
disadvantages:
- competitors- dominance in the market
- risks on failing to achieve sales and the product being unsuccessful
What else can I help you with?
Advantages for new product development?
go furk yourself
What are the advantages and disadvatages of product development?
Advantages of product development include the potential for increased market share, enhanced customer satisfaction through innovative solutions, and the ability to respond to changing consumer needs. Additionally, it can lead to improved brand reputation and increased revenue streams. However, disadvantages may include high research and development costs, the risk of product failure, and the time required to bring a new product to market, which can affect competitiveness. Balancing these factors is crucial for successful product development.
What are the Disadvantages of product development?
The disadvantage of product development is that it can get costly because resources are required by the Research and Development department of the business; a lot of experiments and tests are also performed.Secondly, product development involves a risk of whether the consumers will like the new features that have been developed/added to the new/existing product.
What is advantages and disadvantages of early supplier involvement in new product design?
possible disadvantage of early supplier involvement
What were the advantages and disadvantages of habitant in New France?
Advantages: They can eat what they growed Disadvantages: They had to pay money to the Seigneur
What are advantages of Simultaneous Product Development in new product development process?
Simultaneous product development is when a product is worked on by multiple departments at one. This process is done with careful integration and team work to help produce a successful result. This process is usually used to What_is_Simultaneous_Product_Developmentwhen a competitor may have an advantage in the development phase.
Advantages and disadvantages of the Great Depression?
starting with advantages it was mainly inThe first was the maturing of a privately funded research-and-development system that had begun with Thomas Edison in Menlo Park, New Jersey and for the disadvantages it could be in many things as famine,unemployment
Advantages of new technologies?
The advantages of new technology are that they are faster and they are up to date. Disadvantages are that they are made in China.
What are the advantages and disadvantages of being pioneers of new technology within an industry?
If the product is successful in the market you gain the economic profit and if the prodct fails you lose your investment.
Advantages and Disadvantages of Training and Development?
Training allows new hires to work along side seasoned employees, but they may be being trained incorrectly. Development is the main goal for any business or worker.
What are the advantages and disadvantages of having a small country?
Advantages is everyone does the work and you can meet new people. Disadvantages are that there are not as many ideas shared and more work for everyone.
What are the corporation advantages and disadvantages?
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
