A high percentage of new products fail during this period of Product Life cycle:

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KollegeApply · Accepted Answer

Introduction stage Explanation: The introduction stage is when a new product is launched into the market. During this period, the product is still gaining awareness, and sales are typically slow. High costs associated with product development, marketing, and distribution often result in low or negative profits. Many new products fail to gain sufficient market acceptance or fail to generate enough revenue to cover these initial costs, leading to a high failure rate during this stage.

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