Which of the Following Is a Difference Between Product Invention

question 8

Multiple Choice

Which of the following is a difference between product invention and product adaptation?

• A)Product invention involves altering the promotional strategies for a product,while product adaptation does not involve altering such strategies.
• B)Product invention takes the marketing mix into consideration,while product adaptation does not take it into consideration.
• C)Product invention involves drastically changing an existing product,while product adaptation involves slightly altering a basic product.
• D)Product invention applies only to products that are displayed in local markets,while product adaptation applies to products all around the world.

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Definitions:

Cotton

A natural fiber used in the textile industry, known for its versatility, comfort, and absorbency.

Trading Day

A day on which stock markets are open for trading, typically excluding weekends and public holidays.

Futures Contracts

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specific time in the future.

Profit (Loss)

The financial result of a company's operations and activities, determined by subtracting total expenses from total revenues over a given period.