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- Examples of new products include12:
- New-to-the-world products: These are entirely new market offerings.
- New category entries: Products that are new to the company.
- Add-on products: Augmenting an existing offering with additional features or benefits.
- Product improvements: Enhancements to existing products.
- Repositioned products: Changing the positioning or target market for an existing product.
- Cost reductions: Offering the same product at a lower price.
- Innovative products: Examples include the wheel, printing press, lightbulb, automobiles, computers, cellular phones, and the internet2.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Types of New Products
- New-to-the-world Products These products represent entirely new market offerings. ...
- New Category Entries These products are not new to the world but are new to the company. ...
www.marketingstudyguide.com/categories-of-new-…9 Innovative Products
- 1. The Wheel Invented around 4000 BCE, the wheel is one of the earliest recorded innovations. ...
online.hbs.edu/blog/post/innovative-product-examp… - People also ask
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