Examlex
Which of the following statements is true regarding the rugby approach to new product development?
iPhone
The iPhone is a line of smartphones designed and marketed by Apple Inc., featuring a multi-touch screen, internet connectivity, and a wide array of applications, revolutionizing personal communication and media consumption.
Innovation
The introduction of new ideas, methods, or products, which can drive economic growth and enhance efficiency or quality.
Invention
The creation of a new product or process through the use of unique ideas or the innovative recombination of existing ideas.
Start-up
A new business venture in its early stages, typically characterized by high uncertainty and potential for growth.
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