Asked by
Haley Simpson
on Dec 15, 2024Verified
A product can be classified as new if it ________ from existing products.
A) is functionally different
B) is different in color, taste, or fragrance
C) is different in its packaging
D) is different in price
E) requires a different distribution channel
Functionally Different
Describes products, services, or roles that serve different purposes or functions, catering to various needs or preferences.
Different Distribution
The process or strategy of using various distribution channels to move products from producers to end consumers, tailored to meet distinct market demands or preferences.
- Evaluate how innovation influences both product creation and the strategic direction of a firm.
Verified Answer
CV
Learning Objectives
- Evaluate how innovation influences both product creation and the strategic direction of a firm.
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