A Genuinely New Product - Like the IPod Once Was

question 47

Multiple Choice

A genuinely new product - like the iPod once was - offers:

• A)lower prices than existing products.
• B)at least two new product features.
• C)innovative benefits to consumers.
• D)better value than existing products.
• E)at least two new product features at a lower price.

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Definitions:

Strategic Fit

The alignment between an organization's strategies, resources, and capabilities with its external environment to achieve long-term objectives.

Responsiveness

The ability of a company or system to quickly and effectively respond to changes, customer demands, or market conditions.

Efficiency

Relates to achieving maximum productivity with minimum wasted effort or expense, often critical in business processes and operations.

Return On Equity (ROE)

A financial ratio indicating the profitability of a firm relative to its equity capital.