Product Improvements, Product Modifications, and Original Products Can All Be

question 33

Multiple Choice

Product improvements, product modifications, and original products can all be classified as ________.

• A) blueprints
• B) new products
• C) prototypes
• D) product extensions
• E) test products

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Definitions:

Competitive Advantage

An attribute that allows an organization to outperform its competitors, due to unique resources, capabilities, or positioning.

Patented Technology

Technological inventions or processes that are protected by patents, preventing unauthorized use or replication.

Demographic Segments

Categories of the population divided based on characteristics such as age, gender, income, and ethnicity for targeted marketing or analysis.

Competitive Advantage

A favorable position a business holds over its competitors, often through efficiency, quality, innovation, or customer service.