The management at Graphon Systems believes in performance-improving innovations. It makes its design team work on the existing models of the company's products to innovate newer versions of the same products that would possess an enhanced look and have greater functional aspects. Which of the following statements is true in this scenario?
A) The company would have limited potential to capture additional market share.
B) Resources used for the production of a product's existing models cannot be shifted to the production line for the new models.
C) There will be a huge potential for the creation of new jobs.
D) Sales of the newer versions of the products will not be able to replace the sales of the existing versions of the products.

Question

Quizplus · Accepted Answer

By innovating and improving existing products, the company can potentially capture additional market share by attracting new customers and retaining existing ones with enhanced product offerings.

The Management at Graphon Systems Believes in Performance-Improving Innovations