Product development is a strategy that creates new products for present markets.

Name: Product development is a strategy that creates new products for present markets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product development involves creating new products, features or improvements to existing products in order to meet the needs of existing customers or enter new markets. This strategy helps businesses stay competitive and meet changing consumer demands.

Product Development Is a Strategy That Creates New Products for Present