A way that closely related product development for existing markets can take place is to:
A)remove product features and refinements
B)expand the production mix
C)develop a new-generation product
D)develop new products for new markets

Question

Quizplus · Accepted Answer

Developing a new-generation product involves creating improved or advanced versions of existing products, which can cater to existing markets by meeting evolving customer needs and preferences.

A Way That Closely Related Product Development for Existing Markets