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:

Negotiation Consultant

A professional advisor who helps individuals or organizations to effectively negotiate agreements and resolve disputes.

Repeated Game

A strategic situation where the same game is played several times, allowing players to adjust their strategies based on previous outcomes.

Consulting Ban

A prohibition or restriction on offering consulting services, which can be set by industry regulators, institutions, or governments.

Nash Equilibrium

A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged.