Examlex
Differentiate between total product,augmented product,and core product.
Technological Advance
The introduction of new technologies or the improvement of existing technologies, leading to better products, services, or ways of doing things.
Process Innovation
The introduction of new or significantly improved production or delivery methods, enhancing efficiency and effectiveness.
Product Innovation
This involves creating new products or significant improvements in the existing products to meet consumer needs or open new markets.
R&D Expenditures
Investments in research and development, aimed at innovating and improving products or processes.
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