Which of the Following Holds True for Product Invention

question 26

Multiple Choice

Which of the following holds true for product invention?

• A)It refers to the company strategy of modifying an existing product in a way that makes it better fit local needs.
• B)It refers to the total composite of products offered by a particular organization.
• C)It refers to the strategy of taking the company's current products and selling them in other countries without making changes to the product.
• D)It refers to the creation of a new name, term, symbol, design, or a combination of them for an established brand with the intention of developing a differentiated position in the mind of stakeholders and competitors.
• E)It refers to the strategy of creating an entirely new product for a given local market.

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Definitions:

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.

Finance Charge

Fees and interest charges associated with the borrowing of money or the extension of credit.

Installments

Periodic payments made towards settling a debt or purchasing a good, spreading out the total cost over a period of time.

Fair Credit Reporting Act

A federal law that regulates the collection, dissemination, and use of consumer credit information to ensure accuracy and privacy.