Asked by Michelle Martinez on Sep 28, 2024
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Product improvements,product modifications,and original products can all be classified as ________.
A) new products
B) product concepts
C) pioneer products
D) exploratory products
Product Improvements
Modifications made to existing products to enhance their performance, appeal, or to expand their market reach.
New Products
Items introduced to the market for the first time, offering innovation or improvements compared to existing offerings.
Product Modifications
Adjustments or improvements made to a product’s design, features, or performance to meet customer needs or capture market share.
- Differentiate among various categories of new products and their respective strategies for development.
Verified Answer
Learning Objectives
- Differentiate among various categories of new products and their respective strategies for development.
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