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Question
The usual source for new products is ______.
Options
Marketing research
R&D
Accidental discoveries
A variety of sources including customers, competitors
MCQ
Fill in the Blanks
Solution
The usual source for new products is A variety of sources including customers, competitors.
Explanation:
New product ideas often come from a variety of sources, such as feedback and suggestions from customers, observing competitors' innovations, marketing research, and internal R & D efforts. Combining insights from multiple sources helps companies develop products that meet market demands and stay competitive.
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Factors Influencing Marketing Mix
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