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    Product Innovations and Industry Life Cycle

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    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.

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    All parts of this statement are true. It is during the early stages that we see rapid ...

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    This solution answers and explains the product innovation and industry life cycle question presented.