which industry sets a combination of two goods for emerging a new product?
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Answered by
38
Answer:
Sources of new product ideas include company employees, customers, competitors, outside inventors, acquisitions, and channel members. Both solicited and spontaneous ideas may emerge from the sources, and some even occur by accident.
Answered by
47
Answer:
Explanation:
- A company must establish a series of successful products over time if it wants to maintain a consistent stream of sales, or grow sales over time.
- New product generation involves multiple stages and a high level of financial investment, and has no guarantee of success.
- When a new product is introduced, companies must still convince buyers to adopt them into their routines, in order for sales to be consistent.
- Innovation may be ‘continuous’ or ‘discontinuous’ – the former occurring in established markets, while the latter has the potential to create new markets or consumer behaviors
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