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One of the potential benefits to a firm of introducing new-to-the-world products or services is Group of answer choices cost savings. late majority marketing. establishment of a completely new market. the ability to avoid paying pioneers for new product development. the ability to capitalize on existing consumer preferences.

Respuesta :

The advantage of introducing a new-to-the-world product or service is the establishment of a completely new market.

New-to-the-world

It basically means that a product or service that was never before introduced to the market has now been made available to the customers. In order to bring such a product or service to the market, one must think of something of it as a new invention.

The main reasons to introduce such a product or service are:

  • Monopoly in the market
  • Gain high demand
  • Price premium

As per the options given in the question, the most appropriate benefit is the establishment of a completely new market to gain a monopolistic situation.

Learn more on new products here: https://brainly.com/question/25181857

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