Innovative products manufactured by a company for the first time to create an entirely different market for consumers are known as:
A)product improvements.
B)product line additions.
C)new product lines.
D)new-to-the-world products.

Question

Quizplus · Accepted Answer

New-to-the-world products are innovative products that are created for the first time and they are entirely different from existing products in the market. These products carry a higher level of risk as they are unknown to consumers, however, they can also offer great potential for success and profitability for the company. Therefore, D is the best choice as it accurately describes the situation described in the question. Choices A, B, and C do not fully describe the unique characteristics of new-to-the-world products.

Innovative Products Manufactured by a Company for the First Time