What is the one key trait found in companies that are successful at developing new goods and services?

Multiple choice question.

Top-management support

Global introduction of product

Low production costs

Large marketing budgets

1 answer

The one key trait found in companies that are successful at developing new goods and services is Top-management support. Support from top management is crucial as it fosters a culture of innovation, allocates necessary resources, and guides the strategic direction of product development efforts.