Innovation in Product Development Quiz

Product innovation involves the development of new goods or services that can directly affect a market. It may also involve improving an existing product by enhancing its functionality or increasing its desirability among customers.

Introducing fingerprints and facial recognition to mobile phones is an innovative development.

It's important that the product is relevant to many customers within the market and has a competitive advantage over competitors. It's also vital that customers can easily identify or notice the features and innovation.

<p>Product innovation is defined as the development of new products, changes in the design of established products, or the use of new materials or components in the manufacture of established products.</p> Signup and view all the answers

<p>Numerous examples of product innovation include introducing new products, enhanced quality, and improving its overall performance.</p> Signup and view all the answers