What is a new product?
A)a product that is new to the world
B)a product that is new to the market
C)a product that is new to the producer
D)a product that is new to the producer or seller, or new to the world

Question

Quizplus · Accepted Answer

A new product can be something entirely novel to the world, something new to a specific market, or a new offering from a producer or seller that they have not previously dealt with. Therefore, option D encompasses all these scenarios, making it the correct answer.

What Is a New Product