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...
Mark, a power tool salesman, promises Jill, a customer, that the Turbo Power Hedge Trimmer 1000 will easily cut through bamboo up to 3 inches thick. Mark's statement constitutes an express warranty if Jill purchases the hedge trimmer
a. True b. False Indicate whether the statement is true or false
In what ways can a nation restrict the flow of imported goods?
What will be an ideal response?
LaDonna signs a one-year lease with Mae to occupy an apartment near the University of Iowa. LaDonna needs the apartment for two semesters only and may have to sublet it for the rest of the term. LaDonna's tenancy is
a. a periodic tenancy. b. a tenancy at will. c. a tenancy at sufferance. d. a fixed-term tenancy.
Why was the client-server architecture more appealing to organizations than mainframes?
A. The mainframes were getting older. B. It is easier to set up a client-server architecture than a mainframe. C. Companies were not using mainframes anymore. D. The client-server architecture was cheaper. E. Mainframes cannot connect to the cloud.