New-to-the-world products are
A) new products that allow a company to enter an established market for the first time.
B) new products that create an entirely new market.
C) new products that supplement established product lines (package sizes, flavors, and so on).
D) new products that provide improved performance or greater perceived value and replace existing products.
E) existing products that are targeted to new markets or market segments.

Question

Quizplus · Accepted Answer

New-to-the-world products are those that create an entirely new market, meaning they introduce a product or service that has not existed before. Examples include personal computers, smartphones, and electric cars. Such products involve high risks and uncertainties but have the potential for high rewards if successful.

New-To-The-World Products Are