The strategy of _____ refers to the introduction of new products into identifiable or established markets.
A)market penetration
B)product positioning
C)market diversification
D)product development

Question

Quizplus · Accepted Answer

Product development refers to the introduction of new products into identifiable or established markets. This involves creating new products or modifying existing ones to better meet customer needs and preferences. It can help businesses capture new market share, increase sales, and stay competitive in rapidly evolving industries.

The Strategy of _____ Refers to the Introduction of New