Something that is perceived as new by consumers within a market segment and that has an effect on existing consumption patterns is known as a(n)

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An innovation is a new product, service, or idea that is perceived as new by consumers and has an effect on existing consumption patterns. It is a significant departure from existing products or services in a market segment, and it often sets a new standard or creates a new market. Offerings, goods, autonomic emblems, and syncratic emblems are different concepts that do not fit the definition.

Something That Is Perceived as New by Consumers Within a Market