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__________ Innovation Refers to Innovations in Products or Services That

question 159

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__________ innovation refers to innovations in products or services that typically start small and end up completely replacing an existing product or service technology for producers and consumers.


Definitions:

Relative

A term used to describe something in comparison or in relation to another variable, often used in analysis or assessments.

Competing Products

Products that are offered by different companies that serve the same market segment and meet the same needs or purposes as others.

Semantic Scales

A measurement scale used in research that assesses the connotative meaning of objects, concepts, or events, thus capturing the qualitative aspects of attitudes or feelings.

Consumer Perceptions

How consumers view and interpret the characteristics and qualities of a product or service, influencing their buying decisions.

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