Marketers Classify Innovations Based on Their ________

question 92

Multiple Choice

Marketers classify innovations based on their ________.

• A)degree of newness
• B)cost to manufacture
• C)prices
• D)degree of tangibility
• E)contribution margins

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Definitions:

Organizational Standards

Predetermined levels of excellence that an organization seeks to achieve in its operations, products, and services, typically through the implementation of rules, guidelines, and procedures.

Standards

Established rules, criteria, or measures against which products, services, and processes are evaluated to ensure quality, safety, and consistency.

Objectives

Clearly defined goals or outcomes that an individual, team, or organization aims to achieve within a specific timeframe.

Organizational Control

Mechanisms or systems used by an organization to regulate behavior, processes, or outcomes to achieve its goals.