Avon International recently changed its production processes for cosmetic products;the company has developed standard components that can easily be connected with other standard components to increase the variety of final products.This type of product development strategy is called ____.

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This type of product development strategy where standard components are designed to be easily connected with other standard components to increase the variety of final products is called modularity. Customization is where products are specifically tailored to meet individual customer needs, saturation refers to a market becoming fully saturated with a particular product, and consortium approach involves multiple organizations collaborating to achieve a specific goal.

Avon International Recently Changed Its Production Processes for Cosmetic Products;the