The best product development strategy for most firms is to:
A) develop a small number of products that achieve market success and stick with them,because constantly changing old products (or introducing new ones) can confuse and frustrate customers.
B) maintain one product line while adding regularly to that product line over time to sustain customer interest.
C) constantly monitor consumer wants and needs and be willing to develop new products and adapt policies and services as those needs begin to change.
D) focus on the actual product or service and don't worry too much about factors such as image,price,and service.
Correct Answer:
Verified
Q173: Many companies have found success in podcasting
Q185: The combination of all the factors that
Q186: Which of the following is the best
Q192: When consumers calculate the value of a
Q194: The combination of product lines offered by
Q211: Successful product differentiation
A) of consumer goods is
Q215: For small businesses, product differentiation
A) is more
Q220: In putting together a promotion mix,characteristics of
Q241: A push strategy directs heavy advertising to
Q289: LoRider Wheels sells high-quality bicycles and accessories.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents