Multiple Choice
Finland-based Rapala VMC Corporation is the world's largest fishing lure manufacturer.It developed its first fishing lure--a cigar-shaped minnow--in 1962.The annual market for fishing lures in terms of retail sales is approximately $600 million.Rapala VMC garnered one-third of that amount in 2008.New lures must be introduced each year in order to stay competitive in this industry.Like other lure manufacturers,Rapala focuses on two questions in developing and making new lures: Does it work,and does it look good? Developing a new lure takes two or three years and involves extensive field testing by tournament professionals and fishing guides.At the annual fishing industry trade show in 2008,Rapala unveiled the "dream lure for the 21ˢᵗ century."
-Refer to Rapala.The "dream lure for the 21ˢᵗ century will more than likely be an example of a(n) :
A) new product line
B) addition to existing product line
C) discontinuous innovation
D) improvement to existing product
E) repositioned product
Correct Answer:

Verified
Correct Answer:
Verified
Q128: Which of the following stages of the
Q129: The process by which the adoption of
Q130: Which category of adopters adopt a new
Q131: Heinz is expected to introduce more than
Q132: The phase of the product life cycle
Q134: _ occurs when an existing product is
Q135: All of the following are categories of
Q136: The pedometer is getting kicked up a
Q137: When selecting a test market city,a researcher
Q138: Scientific research aimed at discovering new technologies