New-to-the-world products that create new markets can add tremendous value to firms.

Question

Quizplus · Accepted Answer

New-to-the-world products, also known as breakthrough products, have the potential to create new markets and offer significant benefits to firms in terms of increased revenues, market share, and brand recognition. These products can provide a unique value proposition that differentiates the company from competitors and attracts new customers. Therefore, such products can add tremendous value to firms.

New-To-The-World Products That Create New Markets Can Add Tremendous Value