Choose a company in which you are interested. Consult recent annual reports and

Question

Choose a company in which you are interested.

Consult recent annual reports and Internet sources to find out what new products that company has brought to market in the past year or two. •Are those products truly new innovations, or are they simply extensions of existing products? •What considerations likely guided the company in its product development efforts? •Write one or two paragraphs on how you arrived at your answer. •This written assignment must adhere to APA style guidelines. APA writing resources are available in the Blackboard Tools & Resources folder.

Explanation / Answer

Reliance has recently introduced new smartphones with 4G connections. These are Lyf Earth 1, Lyf Water 1 and Lyf Water 2 smartphones. Till 2014, the global mobile world was using 4G connections but in last two years. IT has improved to 4G. In addition, these phones are available in different ranges from 10,000 to Rs. 25000. So, it is affordable to all class of consumers.

It can be considered as an extension of old products but launching of 4G connection is a new launch to provide faster internet connectivity.

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