Advantage of introducing new product to the market
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Increase Revenue
When you launch a new product successfully and it sells well, it can cover the development and launch costs -- generating a profit for your company.
Answered by
1
Answer:
When you launch a new product successfully and it sells well, it can cover the development and launch costs -- generating a profit for your company.
Explanation:
Once a company has developed an idea for a product, tested it in the market and determined its readiness to launch, production begins and the marketing campaign commences. For a successful product launch, you must get out the word about your product and entice people to buy it. Once the product is launched, the advantages for your company become evident.
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