The gradual improvement and refinement of existing products over time as existing technologies are perfected are called incremental product innovations.

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Quizplus · Accepted Answer

This is correct, incremental product innovations refer to the gradual improvements and refinements of existing products as existing technologies are perfected. This is in contrast to radical product innovation, which involves the creation of entirely new products or technologies.

The Gradual Improvement and Refinement of Existing Products Over Time