Why some company's product fail?

There are many reasons that a company's product might fail in market. According to me some of the reasons are as follow:

• Lack of good ideas.If a company wants to produce one product or service that sells, it must first come up with numerous ideas that have some potential.
• Production time is too slow. One of the ways businesspeople narrow down ideas is based on the amount of production time it will take to get the product to market.
• Many competitors may be a reason. When you launch your product alternates to your product will begin to spring up out of nowhere.
• Poor product or service design. Some companies don't realize that they have a poor design until they have spent thousands developing and marketing the idea only to find that consumers completely reject it.
• The company didn't listen to consumers. Spending a few thousand dollars on market research is much better than spending tens of thousands or more on a failed product.
• Poor quality can also reduce sales of your product. If your competitor is producing the same product but in a good quality, your product is going to fail in market.

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