Innovative products have __________a.high profit marginb.low salesc.low profit margind.high market share
Question
Innovative products have __________a.high profit marginb.low salesc.low profit margind.high market share
Solution
Innovative products typically have a high profit margin. This is because they offer unique features or capabilities that are not available in other products, allowing the company to charge a higher price. Additionally, consumers are often willing to pay a premium for innovative products, further increasing the profit margin. However, it's important to note that this is not always the case. The profit margin can be affected by various factors such as production costs, competition, and market demand.
Similar Questions
At an accelerating growth stage, a firm will not experience...a.high profit marginsb.little competitionc.high sales growthd.high competition
Competitive Advantage is normally obtained by leading in one of the following exceptSelect one:a.Product differentiationb.Mass sellingc.Low costClear my choice
Harvard Business Review discovered that diverse companies are 70% more likely to ______________ACapture new marketsBDestroy existing marketsCLose over competitorsDall of the above
When firms maintain _______________ of product differentiation, they gain a competitive advantage.Select one:a.pricesb.creationc.reputationd.innovation
According to the Innovation Map, firms categorized as "Highly Innovative Product Leadership" perform significantly worse than those in "The Blob."
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.