Consumer goods producers are innovating in terms of healthy products.This type of incremental innovation is typical of:
A) fast-cycle markets.
B) standard-cycle markets.
C) incremental-cycle markets.
D) slow-cycle markets.

Question

Quizplus · Accepted Answer

Standard-cycle markets are characterized by moderate levels of competition and innovation, where firms focus on incremental improvements to products, such as enhancing health benefits in consumer goods.

Consumer Goods Producers Are Innovating in Terms of Healthy Products