If a firm emphasizes new and improved models to its existing brand-loyal customers, is it utilizing

Name: If a firm emphasizes new and improved models to its existing brand-loyal customers, is it utilizing
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a firm emphasizes new and improved models to its existing brand-loyal customers, it is utilizing product development. This strategy focuses on offering new or improved products to the current market to meet the evolving needs or preferences of the existing customer base.

If a Firm Emphasizes New and Improved Models to Its