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Product development strategies require creation of new markets. a. False b. True
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Product development strategies require creation of new markets.
a. False
b. True

User Caligari
by
5.9k points

1 Answer

1 vote

Answer: False

Explanation: The aim of product development strategy is to improve the existing product or bring more efficiency in the existing market. Product development strategy works in the existing market or on the existing product.

The emphasis of these strategies is to bring improvement in the market through innovation and new ideas.

Hence, the statement is false.

User Gokujou
by
6.0k points
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