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Question : Case Study: XYZ Software Solutions

XYZ Software Solutions is a startup that provides innovative software solutions. The company is planning to launch a new product and wants to ensure a successful launch.
Question:

The step XYZ Software Solutions should take to identify potential risks and uncertainties in the new product launch is:

Option 1: Evaluating alternatives
 

Option 2: Setting objectives and goals

 

Option 3: Identifying potential risks

 

Option 4: Allocating resources


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Identifying potential risks


Solution : The correct answer is (c) Identifying potential risks

Identifying potential risks is a crucial step in risk management and planning. This involves assessing the various factors that could impact the success of the new product launch. By recognizing potential risks, XYZ Software Solutions can develop strategies to mitigate or manage these challenges effectively.

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