Which of these statements about developing new products are TRUE?
Select all that apply and then click submit.
When you put a new product on the market, it starts off the
Introduction Phase of the product life cycle.
You may reach an entirely new set of customers with a new product.
Without introducing new products, you may fall behind competitors.
Developing new products is the only way to increase the length of the
product mix.
Creating new products is less risky than doing line extensions.

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times