Which of the following is an example of a new product?
A) An existing product that has been modified in some way.
B) An existing product for which new uses have been found in other product markets.
C) A wholly new product idea.
D) An existing product being offered to new markets.
E) All of these are examples of a new product.

Question

Quizplus · Accepted Answer

A new product is one that is new in any way for the company concerned. A product can become "new" in many ways. A fresh idea can be turned into a new product and start a new product life cycle. Variations on an existing product idea can also make a product new.

Which of the Following Is an Example of a New