According to the Federal Trade Commission (FTC), a new product:
A) Is only new for twelve months.
B) Is only new for two months.
C) Is entirely new or changed in a functionally different or substantial respect.
D) Is something that is new in any way for the company concerned.
E) None of these is a good answer.

Question

Quizplus · Accepted Answer

The FTC defines a new product as being entirely new or changed in a functionally different or substantial respect. This means that minor changes or updates to existing products do not qualify as being "new."

According to the Federal Trade Commission (FTC), a New Product