单词 | product performance |
释义 | product performanceproduct performancean aspect of MARKET PERFORMANCE that denotes the quality and performance of existing products and firms’ records with respect to the development of new products. The introduction of new products and the qualitative improvement of existing products may enhance consumer welfare by providing consumers with ‘better-value-for-money’ in terms of price/quality trade-offs. See Fig. 160 . See also PRODUCT DIFFERENTIATION, TECHNOLOGICAL PROGRESSIVENESS, INVENTION, INNOVATION, RESEARCH AND DEVELOPMENT, PRODUCT LIFE CYCLE. |
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