Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets?

Question

Quizplus · Accepted Answer

Incremental innovation refers to the gradual improvement or development of a product or service, often leading to its evolution into new or expanded markets. This contrasts with radical innovation, which involves a fundamental change or breakthrough. Incremental innovation focuses on making small, continuous improvements that, over time, can lead to the product or service reaching new customer segments or markets.

Which of the Following Terms Refers to the Systematic Evolution