Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Name: Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms producing functional products typically focus on cost minimization, efficient supply chains, and high quality, as these products usually have stable demand and long product life cycles, unlike innovative products which require constant innovation to remain competitive.

Firms Producing Functional Products Are Forced to Introduce a Steady