Most New-Product Activity Is Devoted to ________

question 137

Multiple Choice

Most new-product activity is devoted to ________.

• A) repositioning existing products
• B) developing new-to-the-world products
• C) backward innovation
• D) improving existing products
• E) none of the above

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Definitions:

Railroads

Transportation networks consisting of tracks, trains, and stations used for the movement of goods and passengers, significantly contributing to economic development and expansion.

Second Industrial Revolution

A phase of rapid industrialization in the final third of the 19th century and the beginning of the 20th century, marked by significant advances in technology and production methods, including the spread of the steel industry and mass production.

National Market

An economic concept referring to the nationwide integration of economic activities and markets, facilitated by transportation, communication, and regulatory systems.

Western Territories

Areas in the western part of the United States that were explored, settled, and ultimately organized into states during the 19th and early 20th centuries.