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GRANITE
Companies's market share will be affected by new products. Customers may switch to the new products.
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John A. Hall has written: 'Bringing new products to market' -- subject(s): New products
The categories of new products typically include incremental innovations (improved versions of existing products), breakthrough innovations (completely new products or technologies), line extensions (variations of current products), and repositioned products (existing products with a new target market).
all correct
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A Market economy is most likely to develop new and better products.
In market economies, firms developing new and better products are often able to earn larger than normal profits.
In market economies, firms developing new and better products are often able to earn larger than normal profits.
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.