The Goal of Dynamically Continuous Product Innovation Is to Find

question 21

True/False

The goal of dynamically continuous product innovation is to find a way to produce a product more efficiently than competitors in order to offer it at a lower price.

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Definitions:

Orders per Year

This metric calculates the number of orders placed with a company or within a supply chain system within a year, indicating the demand or sales volume.

Price Discount

A reduction from the original or standard price of a product or service, often used to stimulate sales or clear out inventory.

Lot Size Based

Pertains to the method of quantity determination for production or ordering, where items are processed or ordered in specific batch sizes to optimize production efficiency or cost.

Quantity Ordered

The specific amount of goods or services requested by a customer or required for a particular purpose or project.