One of the Factors Supporting the Increase in New Products

question 19

True/False

One of the factors supporting the increase in new products has been advances in the technology available for designing products.

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Definitions:

Reference Groups

Social groups that individuals look to as a basis for self-assessment or as a source of personal standards.

Self-Appraisal

A process by which an individual evaluates his or her own performance, strengths, and weaknesses.

Personal Standards

The individual beliefs and values that guide behavior and decision-making practices.

Net Promoter Score

A metric used to gauge the loyalty of a firm's customer relationships, based on how likely customers are to recommend the company's product or service to others.