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