A _____ definition of a product considers a product new if the product is new in the eyes of the customer.
A) product
B) firm
C) market
D) consumer-oriented

Question

Quizplus · Accepted Answer

A consumer-oriented definition of a product considers a product new if it is perceived as new by the customer. This definition focuses on the customer's perception of newness rather than the firm's or the market's definition. It is an important perspective for product innovation and adoption.

A _____ Definition of a Product Considers a Product New