Product innovations tend to be more common during the earlier stages of an industry's life cycle. Product innovations are also commonly associated with a differentiation strategy. Firms that differentiate by providing customer with new products or services that offer unique features or quality enhancements often engage in product innovation.
T or F?© BrainMass Inc. brainmass.com October 10, 2019, 6:16 am ad1c9bdddf
All parts of this statement are true. It is during the early stages that we see rapid ...
This solution answers and explains the product innovation and industry life cycle question presented.