A "new and improved" product describes:
A) Diversification
B) Concentrated growth
C) Product development
D) Market development

Question

Quizplus · Accepted Answer

"New and improved" refers to a product development strategy, which involves creating new or improved products to better meet customer needs or preferences. Diversification involves creating new products or entering new markets outside of the current business, concentrated growth focuses on expanding within the current market, and market development involves entering new markets with current products.

A "New and Improved" Product Describes