When New-To-The-World Products Are Better,faster Versions of Existing Products That

question 111

Multiple Choice

When new-to-the-world products are better,faster versions of existing products that target,for the most part,existing customers it is said that these products are ___________.

• A) Neo innovations
• B) Subtle innovations
• C) Left handed innovations
• D) Sustaining innovations
• E) Disruptive innovations

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Definitions:

Price Control

Government or company policies aimed at regulating or setting prices for goods and services in a market.

Economic Value

The quantification of the advantage that a product or service delivers to an economic participant.

Variable Cost

Costs that vary in total in direct proportion to changes in the level of activity or production volume.

Differentiates

Distinguishes or separates entities or products by characteristics, qualities, or features, making them distinctive or unique in the market.