Question: Question 1 7 1 pts Companies that practice reverse innovation: create products or services that typically start small and end up completely replacing an existing
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pts
Companies that practice reverse innovation:
create products or services that typically start small and end up completely replacing an existing product or service technology for producers and consumers.
create innovative, lowcost products for emerging markets and then quickly and inexpensively repackage them for resale in developed countries.
often struggle with changing successfully.
innovate in affluent countries and transfer products to emerging markets.
create products or services that initially sell well but have declining sales after a short period of time.
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