Abc company is ready to launch a new product domestically


ABC Company is ready to launch a new product domestically. Historically, the companies products have been successful domestically 92% of the time. This new product has been sold overseas for the past 6 months as this has been the traditional market strategy (test a product overseas before bringing it to the domestic market). Historically, products which are successful domestically were successful in the international market 82% of the time. Conversely, products which fail domestically had already failed internationally 93% of the time.

Determine the probability that this new product will be successful domestically if the product has been successful overseas.

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Abc company is ready to launch a new product domestically
Reference No:- TGS01534614

Expected delivery within 24 Hours