When entrepreneurs develop new products, other companies also experience growth because they immediately copy the successful product. create many companion products. try to develop their own products. attempt to improve the product.

Students were asked to answer a question at education and to mention what is most important for them to succeed. Of many comments, the one that that stood out was practice. Successful people are certainly born successful; they become successful thru hard work and determination. This is how you can complete your goals. the following some question and answer examples that you could actually utilise to upgrade your knowledge and gain insight that will help you to preserve your school studies.

Question:

When entrepreneurs develop new products, other companies also experience growth because they immediately copy the successful product. create many companion products. try to develop their own products. attempt to improve the product.

Answer:

It is common for other companies to grow when entrepreneurs develop new products, this is because competitors try to improve the product, that is, generate greater value for consumers to expand their market.

Incremental innovation

It corresponds to the strategy of making improvements to products and services already on the market, that is, including greater benefits and technologies that change consumer perception, and positively impact business.

Therefore, performing incremental innovation is a strategy used to gain value, increase competitiveness and the positioning of a company in the market.

The correct answer is:

  • Attempt to improve the product.

Find out more information about incremental innovation here:

From the answer and question examples above, hopefully, they might be able to assist the student solve the question they had been looking for and notice of all the pieces stated in the answer above. Then could have some sharing in a group discussion and also learning with the classmate related to the topic, so another student also obtain some enlightenment and still keeps up the school learning.

READ MORE  The EPA requires the use of precise forms called ?

Leave a Reply

Your email address will not be published.