Which of the following statements concerning new products is correct?
A.
Modified and improved products are considered new.
B.
A modified product is not considered a new product.
C.
Products that are merely improved in some way are not considered new.
D.
Most new products succeed within two years of their introduction.
E.
To be considered new, the product must be something consumers have not seen before.
Answer: A.
Modified and improved products are considered new.