A ________ means that a company develops a new product as it expands into foreign markets.

Question

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The Product Invention Strategy means that a company develops a new product as it expands into foreign markets. This strategy involves introducing a new product or making substantial changes to an existing product to cater to the needs, wants, and preferences of the foreign consumers. This strategy is often used in cases where the existing products are unsuitable or incompatible with the foreign market.

A ________ Means That a Company Develops a New Product