Which of the following is the best example of a new-to-the-world product?
A) Walmart, the retail giant, opens new stores in an underdeveloped African country.
B) Pestorica, a publishing company, decides to launch a new sports magazine.
C) Tata Motors, an Indian automobile company, acquires Jaguar to extend its business.
D) An Asian company licenses a US apparel brand name though the brand is not familiar in Asia.
E) Kids-Med, a company that produces childcare products, launches a non-contact thermometer.

Question

Quizplus · Accepted Answer

Kids-Med launching a non-contact thermometer is an example of a new-to-the-world product as it is a completely new type of product that has never been seen before. The other options are not new-to-the-world products as they involve either entering new markets or acquiring existing brands/products.

Which of the Following Is the Best Example of a New-To-The-World