Question 99

Which type of innovation seeks to make a better product to target the high-end of the market?

Solution

The type of innovation that seeks to make a better product to target the high-end of the market is option A) Sustaining innovation. Sustaining innovation involves incremental improvements and advancements in existing products or services to enhance their features, performance, or quality. This type of innovation aims to cater to the needs and preferences of existing customers in the higher-end or premium market segments by providing them with improved or superior offerings. Sustaining innovation helps companies maintain their competitive advantage, retain their customer base, and capture higher profit margins by offering enhanced value propositions to discerning customers.


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