New-to-the-world products are true innovations that are new to the firm and create an entirely new market.

Name: New-to-the-world products are true innovations that are new to the firm and create an entirely new market.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

New-to-the-world products are indeed true innovations that are new to both the firm and the market, as they introduce a unique concept or technology that has not been seen before. They create a new market and have the potential to completely change the industry they are in.

New-To-The-World Products Are True Innovations That Are New to the Firm