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A(n)____ Is the Development of a Product That Is Closely

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A(n) ____ is the development of a product that is closely related to one or more products in the existing product line but is designed specifically to meet somewhat different needs of customers.


Definitions:

Unintended Consequences

Outcomes that occur as a result of actions or policies that were not anticipated or intended by the actors involved.

Economic Change

Shifts in economic conditions, such as growth, recession, or structural adjustments, affecting markets and societies.

Free Lunch

An expression indicating that it is impossible to get something for nothing, underscoring the idea that every choice has a cost.

Resources

Assets, materials, and commodities available for use in the production process to generate goods or services.

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