Identifying New Product Opportunities and Defining Product Documents
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Questions and Answers

What do new product opportunities refer to?

  • Niche markets with no potential for innovation
  • Areas in the market where existing products fulfill all needs
  • Markets where there is no room for improvement
  • Areas in the market with potential for introducing innovative products (correct)

    • What does defining a product involve?

  • Avoiding any mention of product characteristics
  • Finding ways to copy competitors' products
  • Emphasizing specific features that differentiate the product from competitors (correct)
  • Identifying and emphasizing general features of a product

    • What purposes do product documents serve?

  • Solely support purposes
  • Exclusively regulatory compliance purposes
  • Various purposes including product development, marketing, sales, support, and regulatory compliance (correct)
  • Only marketing purposes

    • In what ways do new products stand out in the marketplace?

    <p>By solving existing problems and fulfilling unmet needs</p> Signup and view all the answers

    What is the main purpose of identifying new product opportunities?

    <p>To find areas in the market for innovative or improved products</p> Signup and view all the answers

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