Modifications, minor innovations, and major innovations represent what type of strategy?
A) Market penetration
B) Diversification
C) Product development
D) Market development

Question

Quizplus · Accepted Answer

Modifications, minor innovations, and major innovations are typically associated with product development strategies. This approach focuses on introducing new products or significantly improving existing ones to meet changing customer needs or to enter new markets.

Modifications, Minor Innovations, and Major Innovations Represent What Type of Strategy