Question

In which ways can new products be classified?

a. new- to-the market
b. new-category entries
c. product line extensions
d. revamped products

Answer 1

New products can be classified as new-to-the-market, new-category entries, product line extensions, or revamped products.

Step-by-step explanation:

New products can be classified in several ways:

1. New-to-the-market: These are products that are completely new and haven't been introduced before, such as a groundbreaking invention or an innovative creation.
2. New-category entries: These are products that enter a market which already exists but offer a unique feature or benefit, like a new type of smartphone or electric vehicle.
3. Product line extensions: These are new products that expand an existing product line, such as releasing a new flavor or variant of a popular snack or soft drink.
4. Revamped products: These are existing products that undergo significant improvements or changes, like a new version of a software program or an upgraded model of a car.