Product innovations are commonly associated with a differentiation strategy.
Answer the following statement true (T) or false (F)
True
Product innovations tend to be more common during the earlier stages of the life cycle of the industry. Product innovations are also commonly associated with a differentiation strategy. Firms that differentiate by providing customers with new products or services that offer unique features or quality enhancements often engage in product innovation.
You might also like to view...
Which aspect of supervision includes tabulation of quota variables, important demographic characteristics, and answers to key variables?
A) quality control and editing B) control of cheating C) central office control D) sampling control
How is conservatism defined from a preparer’s orientation? Which conservatism goal should take precedence when conservatism criteria conflict?
What will be an ideal response?
In modern real estate law, the doctrine of "caveat lessee" is widely applied to leases
Indicate whether the statement is true or false
Which of the following statements is (are) true regarding insurance agents and insurance brokers?
I. A property and liability insurance agent has the authority to bind the insurer for certain types of coverage. II. A licensed broker who is not a licensed agent has the legal authority to bind an insurer. A) I only B) II only C) both I and II D) neither I nor II