Most New Products Are ________ Because Minor Changes or Adaptations

question 97

Multiple Choice

Most new products are ________ because minor changes or adaptations are less risky to bring to market.

• A)continuous innovations
• B)dynamically discontinuous innovations
• C)dynamically continuous innovations
• D)discontinuous innovations

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Definitions:

Wheeler-Lea Act

An amendment to the Federal Trade Commission Act in the United States, focusing on protecting consumers against unfair or deceptive acts or practices in commerce.

Robinson-Patman Act

An American federal statute that forbids practices that hinder competition among producers, notably price discrimination.

Price Discrimination

A pricing approach in which the same provider charges different prices for products or services that are identical or very similar, depending on the market.

Reference Pricing

The practice of setting a price point for a product or service based on the cost of comparable alternatives in the market.