The statement is True. A firm can confidently enter the market at any time when the product to be manufactured and sold is inimitable.
A product is any item or provider you sell to serve a consumer's wants or needs. They may be physical or virtual. Bodily merchandise includes durable goods (like cars, furniture, and computer systems) and nondurable goods (like meals and beverages).
There are four varieties of products and each is classed primarily based on client behavior, charge, and product traits: convenience items, shopping items, forte products, and unsought items.
The person ultimately responsible for defining the product holds the role of product manager/product strategist, whatever their specific title might be within the agency. For example, in an early-stage startup, one or greater of the co-founders is usually the product visionary.
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