Refining an existing product to make it more saleable in a new market is an example of exploration.

Name: Refining an existing product to make it more saleable in a new market is an example of exploration.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Refining an existing product for a new market is an example of exploitation, as it leverages existing knowledge and capabilities to improve or adapt products for better performance or broader appeal, rather than exploring entirely new possibilities or innovations.

Refining an Existing Product to Make It More Saleable in a New