Finding new uses for an existing product such as baking soda, is a good example of a product development growth strategy.

Name: Finding new uses for an existing product such as baking soda, is a good example of a product development growth strategy.
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Question

Quizplus · Accepted Answer

Finding new uses for an existing product is an example of a market development strategy, not product development, as it involves expanding the market for the existing product.

Finding New Uses for an Existing Product Such as Baking