Write True if the statement is correct and False if it is not. 1. Copyright is a set of exclusive rights granted to the author or creator of an original work, including the right t... Write True if the statement is correct and False if it is not. 1. Copyright is a set of exclusive rights granted to the author or creator of an original work, including the right to copy, distribute and adapt the work. 2. Innovative products exist out of real needs, and there may be no substitute products that can be made available. 3. Product is anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. 4. Product planning is a process used to identify and develop new products. 5. Maturity Stage shows declines of sales rate and profit. 6. Industrial Design is any composition of lines or colors or any three-dimensional form, whether or not associated with lines or colors; provided, that such composition or form gives a special appearance and can serve as pattern for an industrial product or handicraft. 7. A warranty describes the conditions under, and period during, which the producer or vendor will repair, replace, or otherwise compensate for, the defective item without cost to the buyer or user. 8. Guarantee is an assurance that the manufacturer's product is of standard quality. 9. Product Policy serves as a guide for making product decisions. 10. Product Positioning is a marketing strategy that aims to make a brand occupy a distinct 'position,' relative to the competing brands, in the mind of the customer. Read more