Miscellaneous Quiz / Product Innovation

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Can you name the Product Innovation?

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DefinitionAnswer
Someone who immediately welcomes a technological change.
Involves a company both in the development of new products and in selling those products to new companies.
The process of discovering a principle. A technical advance in a particular field often resulting in a novel product.
The development of a new product is generated by a demand from the market.
Someone who needs some convincing before embracing technological change.
The wide acceptance (and sale) of a product.
Flexible designs that can be adapted to changing technical and market requirements.
The design contains those implicit features of a product that are recognized as essential by a majority of manufacturers and purchasers.
The business of putting an invention in the marketplace and making it a success.
An influential individual, usually working within an organization, who develops an enthusiasm for a particular idea or invention
DefinitionAnswer
Finding new applications for existing products, thereby opening up new markets.
Someone who resists all technological change.
Markets divide up into smaller segments where the purchasers have similar characteristics and tastes.
Increasing sales to existing customers or finding new customers for an existing product.
Where the impetus for a new design emanates from a technological development.
Long-term aims and objectives of a company and ways of achieving them by allocation of resources.
A group of products having common classification criteria. Members normally have many common parts and assemblies.
A broad way of categorizing the kinds of market the company is aiming for.
An individual working outside or inside an organization who is committed to the invention of a novel product and often becomes isolated because he or she is engrossed with ideas th
The creation of new, modified or updated products aimed mainly at a company’s existing customers.

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