All of the Following Are Ways to Build Upon Already

question 28

Multiple Choice

All of the following are ways to build upon already existing material and still provide a profit-driven concept except:

• A) Market the product at a higher price.
• B) Add value to an existing product or service.
• C) Develop or redesign a new version of an existing product.
• D) Develop ideas as an extension or redesign an existing service.

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Definitions:

Percentiles

A method of comparing raw scores to a norm group by calculating the percentage of people falling below an obtained score, with ranges from 1 to 99, and 50 being the mean.

Z-Scores

A standardized score that indicates the number of standard deviations a raw score is above or below the mean.

Raw Score Distribution

The unadjusted scores of all participants in a study or on a test, displayed in the form of a distribution to analyze general trends.

Percentile Rank

A score indicating the percentage of scores in its frequency distribution that are equal to or lower than it, providing a relative position of an individual's score in a group.