in terms of innovation characteristics, a product is said to be compatible if question 31 options: 1) it provides greater value to the manufacturers than to the consumers. 2) the degree of social repercussions associated with it is high. 3) its benefits can be communicated easily. 4) it has a higher degree of complexity compared with its counterparts'. 5) it complies with the accepted behavior, values, and norms of the local market.

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12-12-2022
Business

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in terms of innovation characteristics, a product is said to be compatible if question 31 options: 1) it provides greater value to the manufacturers than to the consumers. 2) the degree of social repercussions associated with it is high. 3) its benefits can be communicated easily. 4) it has a higher degree of complexity compared with its counterparts'. 5) it complies with the accepted behavior, values, and norms of the local market.

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Tutorconsortium410 Tutorconsortium410 · Answer 1 · 2022-12-19T07:00:13+01:00

In terms of innovation characteristics, a product is said to be compatible if it complies with the accepted behavior, values, and norms of the local market.

Examples of product innovations

It includes the use of biodegradable oil-based polymers in Lego's world-famous bricks. Innovation also occurred with the introduction of the first electric cars to the automotive industry and continues to occur with the development of new batteries with increased range.

What serves as the basis for innovation?

The goal of innovation is to develop fresh concepts and tools that boost output, value, and productivity while using the same input. Innovation has been accountable for up to 85% of all economic growth, according to the aforementioned Stanford study.

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