Product innovation,

Definition of Product innovation:

1. The development and market introduction of a new, redesigned or substantially improved good or service. Examples of product innovation by a business might include a new products invention; technical specification and quality improvements made to a product; or the inclusion of new components, materials or desirable functions into an existing product.

How to use Product innovation in a sentence?

1. They credited Paul with improving the product innovation . His idea to add a large motor was what caused this huge uptick in sales.
2. The owner of the ice cream shop in town decided on a product innovation by changing the recipe for her ice cream cakes, using more natural ingredients rather than artificial.
3. Amazon is a leader in product innovation because the company is always researching and implementing new features and ideas that enhance the experience for their users and customers.