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Lera25 [3.4K]
3 years ago
10

Innovation allows producers to create goods that draw consumer attention. follow restrictions that the government imposes. avoid

competing with similar businesses. offer warranties for all of their products.
History
2 answers:
labwork [276]3 years ago
6 0

Innovation allows producers to: create goods that draw consumer attention. Innovating a new product usually catches a customer’s attention due to human instinct. This certain instinct will trigger a person’s curiosity to see or try something new that he or she has not tried yet.

zalisa [80]3 years ago
6 0

<u>The option (a) is correct. Innovation allows producers to create goods that draw consumer attention. </u>

Further Explanation:

Innovation in product development:

Innovation refers to using the new and improved technique to solve an existing problem. When a new technique for a pre-existing problem introduced, it is considered an innovative thought. Innovation in product development means that the introduction of a new product which would moe effectively solve an existing problem. When the product would be able to solve the consumer problem, it would be able to draw the attention of the consumer. The new solution of the product would be unique from the existing solutions. Therefore it would draw consumer attention.

<u>Thus, innovative products would draw the attention of the consumer. </u>

Justification for the correct and incorrect option:

a.

That draw consumer attention: This is the correct option.  

Innovative products are unique as compared to existing products. Therefore, it will draw the attention of the consumer.

b.

Follow restrictions that the government imposes: This is an incorrect option.

Generally, the government does not impose restrictions on innovation. Innovation leads to the development of the business.

c.

Avoid competing with similar businesses: This is an incorrect option.

Innovation does not guarantee a solution to the existing problem completely.  

d.

Offer warranties for all of their products: This is an incorrect option.

Innovation does not provide the warranty for all the products.

Learn more:

1. Learn more about the demand for the product

brainly.com/question/2488917

2. Learn more about the demand curve

brainly.com/question/8794304

3. Learn more about the effect of demand

brainly.com/question/6123400

Answer details:

Grade: Middle School

Subject: Business Studies  

Chapter: Innovation

Keywords: Innovation, allows, producers, create, goods, draw, consumer, attention, follow, restrictions, government, imposes, avoid, competing, similar, businesses, offer, warranties, their, products.

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