The Term "Product Innovation" Usually Applies to Functions, Especially Those

question 53

True/False

The term "product innovation" usually applies to functions, especially those of manufacturing or distribution.

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Definitions:

Features

Attributes, characteristics, or aspects of a product or service that contribute to its appeal or functionality.

Visuals

Elements such as images, diagrams, or animations utilized to communicate ideas, concepts, or data more effectively than text alone.

Financial Projections

Estimates of future revenue, expenses, cash flow, and financial performance of a company or project.

Business Plan

A written document that describes in detail how a business, usually a new one, is going to achieve its goals.