Trine University Market Testing and Consumer Market Discussion Questions

Question Description

I’m trying to learn for my Engineering class and I’m stuck. Can you help?

1. Explain why consumer market testing might not always be beneficial.

2. Discuss the dilemma faced by all firms of trying to listen to customers’ needs and wants and, yet, also trying to develop new products for those customers that they do not yet serve.

3. Discuss the many reasons why so many new products fail. Are there additional reasons?