New-To-The-World Products Can Be Defined As

question 26

Multiple Choice

New-to-the-world products can be defined as:

• A)true innovations that are new to the firm and create an entirely new market
• B)a product category that is new for the company introducing it,but not new to customers in the target market
• C)existing products that are targeted at new applications and new market segments
• D)items providing improved performance brought out to replace existing products

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Definitions:

Sale

The act of selling or exchanging goods or services for money or other compensation.

Rafts

Platforms or structures made of buoyant materials, often wood, used for transport or as a floating base.

Main Purpose Rule

A legal principle stating that if the main purpose of a transaction is to benefit the guarantor, then a written agreement isn't necessary to enforce the guaranty.

Debt

An amount of money borrowed by one party from another, with the condition that it is to be paid back, often with interest.