A strategy of product development requires more resources than a strategy of market penetration.

Question

Quizplus · Accepted Answer

Product development involves creating new products or significantly improving existing ones, which often requires significant investments of time, money, and other resources. In contrast, market penetration strategies focus on increasing sales of existing products in existing markets and may not require as much investment in research and development or other resources.

A Strategy of Product Development Requires More Resources Than a Strategy