Which Observation Best Describes New-To-The-World Products

question 29

Multiple Choice

Which observation best describes new-to-the-world products?

• A)They are new to the company but not to the market.
• B)They are often not very innovative in design or operations.
• C)They are aimed at new customer segments or repositionings of existing products.
• D)They try to build primary demand by creating product awareness.

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Definitions:

Common Law

A body of legal rules that have been made by judges as they issue rulings on cases, as opposed to rules and laws made by the legislature or in official statutes.

Marine Law

A body of laws, conventions, and treaties that govern international private business and other matters involving ships, shipping, or offenses occurring on open water.

Equity Rules

Guidelines that govern legal proceedings to ensure fairness and justice, typically applied in cases where common law or statutory remedies are inadequate.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a comprehensive framework for international commerce.