GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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low-cost products designed to obtain an edge in highly competitive markets
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new product enhancements that supplement established products
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new versions of an existing product that has been less successful
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new products that create an entirely new market
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Detailed explanation-1: -What Are New-to-the-World Products? New-to-the-world products are products that have never been created or introduced to the market before. They are completely innovative and not derivative of older products.
Detailed explanation-2: -New-to-the-world products: these are innovative products that create completely new markets.
Detailed explanation-3: -A new product is a product that is new to the company introducing it even though it may have been made in same form by others. For example, in the area of toilet soaps, different brands introduced by each company are that way, new products as it is new to the company.
Detailed explanation-4: -Foldable solar panel. Smart temperature sensor. Rainbow flatware. Biomagnetic ear stickers. Diamond-shaped ice cube tray. Reusable straws. Baby feather wings. Dimmable vintage Edison light bulbs. More items •22-Nov-2022