Which of the Following Is an Example of a Product

question 98

Multiple Choice

Which of the following is an example of a product innovation?

• A) A firm launching a new flavor to its existing range of candies
• B) A firm allowing customers to mail the desired designs of goods
• C) A firm introducing a new online shopping model
• D) A firm introducing new technology to ease the installation process
• E) A firm changing its line of business from manufacturing automobiles to producing music

---

Definitions:

Pay Increases

Adjustments made to an employee's base salary to reflect changes in performance, market conditions, or cost of living.

Public Sector

The part of the economy composed of both public services and public enterprises, owned and operated by the government.

Generate Revenue

The process of producing income through sales of products, services, or other mechanisms within a business.

Compensation Survey

A tool used by organizations to gather and analyze competitive salary information in order to determine appropriate compensation levels for their employees.