Which of These Types of New Product Innovations Is Least

question 2

Multiple Choice

Which of these types of new product innovations is least common?:

• A)New to the world
• B)New product lines
• C)Extensions to existing product lines
• D)Cost reductions

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Definitions:

Premium

An amount paid for an insurance policy, reflecting the cost of carrying the insurance coverage.

Tender Offer

involves a company or individual making a public offer to purchase some or all of shareholders' shares in a corporation at a specified price for a certain period.

Shareholders

Individuals, companies, or institutions that own one or more shares of stock in a public or private corporation, thus holding partial ownership.

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.