Smart, Connected Product Classifications Include ___________

question 23

Multiple Choice

Smart, connected product classifications include ___________.

• A)monitoring.
• B)control.
• C)autonomy.
• D)both monitoring and control.
• E)monitoring, control, and autonomy.

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Definitions:

R&D

Research and Development refers to the activities companies undertake to innovate and introduce new products or services.

Product Differentiation

Product differentiation is the process of distinguishing a product from others in the market, through features, branding, or quality, to attract a specific consumer segment.

Decreasing-Cost Industries

Industries in which costs per unit decline as the scale of production increases, often due to efficiencies gained in the production process.

Legal Protection

Measures, laws, and regulations designed to safeguard individuals' rights, property, and well-being in a legal context.