New-To-The-World Products Are

question 127

Multiple Choice

New-to-the-world products are

• A) new products that allow a company to enter an established market for the first time.
• B) new products that create an entirely new market.
• C) new products that supplement established product lines (package sizes, flavors, and so on).
• D) new products that provide improved performance or greater perceived value and replace existing products.
• E) existing products that are targeted to new markets or market segments.

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Definitions:

Big Data

Enormous sets of data which, through computational analysis, reveal patterns, trends, and relationships, often concerning human behavior and interactions.

Crowdsourcing

The method of gathering data, insights, or materials by requesting input from a broad audience, often the online community.

Decision Making

The process of making a choice or finding a solution among several alternatives, often involving judgement and analysis.

Crowdsourcing

The method of gathering data, insights, or material by requesting input from a wide audience, often an internet community.