Provide TWO Key Differences Between Products That Can Be Classified

question 34

Essay

Provide TWO key differences between products that can be classified as functional vs.innovative.Also after providing your list of two,provide an example of a functional product and an example of an innovative product.

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Definitions:

Storage of Goods

The act of keeping goods in a space designated for their preservation or until they are sold or distributed.

Warranties

Promises or guarantees made by a seller regarding the quality, condition, or performance of a product.

Insurance Contracts

Legal agreements between an insurance company and a policyholder that define the claims which the insurer is legally required to pay.

Avoid Liability

Strategies or actions taken by an individual or entity to minimize or evade legal responsibility and potential damages.