Improvement of Existing Products
This includes, but is not limited to, improvements in functional characteristics, technical abilities, or ease of use. Product innovation often takes place when a product's sales are in decline. This is an obvious and commonly used method to extend the life of a product.
Read more about this topic: Product Innovation
Famous quotes containing the words improvement of, improvement, existing and/or products:
“They act as if they supposed that to be very sanguine about the general improvement of mankind is a virtue that relieves them from taking trouble about any improvement in particular.”
—John Morley [1st Viscount Morley Of Blackburn] (1838–1923)
“They act as if they supposed that to be very sanguine about the general improvement of mankind is a virtue that relieves them from taking trouble about any improvement in particular.”
—John Morley [1st Viscount Morley Of Blackburn] (1838–1923)
“A fierce unrest seethes at the core,
Of all existing things:,
It was the eager wish to soar,
That gave the gods their wings.”
—Don Marquis (1878–1937)
“All that is told of the sea has a fabulous sound to an inhabitant of the land, and all its products have a certain fabulous quality, as if they belonged to another planet, from seaweed to a sailor’s yarn, or a fish story. In this element the animal and vegetable kingdoms meet and are strangely mingled.”
—Henry David Thoreau (1817–1862)