To be called "new" according to the FTC, a product must be entirely new or changed in a functionally significant or substantial respect.
Correct Answer:
Verified
Q47: Variations on an existing product idea can
Q48: The FTC places no restriction on the
Q49: When planning new products, managers need not
Q50: Experts estimate that 80-95 percent of all
Q51: If the prospects in some product-market are
Q53: Even in a full-scale market test, the
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Q57: When a firm's product has won loyal
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