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

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Definitions:

Improved Customer

A term that may not be widely recognized; if it refers to enhancing customer satisfaction or experience, then it's about strategies to better meet customer needs and improve their overall experience.

Increase Sales

A business objective aimed at enhancing the volume or value of products sold within a specific period.

Lifestyle Entrepreneur

An individual who starts a business not solely for profit, but to fund a desired lifestyle or personal interests.

Serial Entrepreneur

A person who repeatedly starts new businesses and ventures, moving from one interest or opportunity to another.