Which of the Following Statements About Innovation Is True

question 28

Multiple Choice

Which of the following statements about innovation is true?

• A)Customer perception has nothing to do with the definition of innovation.
• B)A product may legally be described as new and innovative for three years.
• C)Innovation is anything that the marketer decides to call new.
• D)The FTC has created a legal definition of the term innovation.
• E)A product may be called an innovation even though it is not significantly changed from its predecessors.

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Definitions:

Entire Group

Refers to the totality of members within a specified set or collection without exception.

Random Sample

A sample selected from a larger population in such a way that each member has an equal chance of being included, enhancing representativeness.

Laboratory Experiments

Controlled experiments conducted in a lab setting where variables can be manipulated and outcomes can be measured precisely.

Testable Predictions

Hypotheses or forecasts that can be confirmed or refuted through experimentation or observation.