A new product development turnaround strategy allows an organization to:
A) Replace existing products with new ones.
B) Diversify its existing products into new markets.
C) Reduce the price of its existing products.
D) Find new uses for its existing products.

Question

Quizplus · Accepted Answer

A new product development turnaround strategy involves replacing existing products with new ones to stay relevant and competitive in the market. Diversifying, reducing prices, or finding new uses for existing products are other strategies that may be employed by an organization but are not specifically related to new product development turnaround.

A New Product Development Turnaround Strategy Allows an Organization To