Final answer:
A Product Development Strategy is considered the most suitable option for a company when it is faced with design problems that require multiple solutions. It provides a structured decision-making process for the design team to evaluate different design concepts and select the best one based on the criteria and constraints.
Step-by-step explanation:
A Product Development Strategy is considered the most suitable option for a company when it is faced with design problems that are open-ended and require multiple solutions. It provides a structured decision-making process for the design team to evaluate different design concepts and select the best one based on the criteria and constraints. This strategy is particularly effective in industries with competitive market structures, where firms need to differentiate their products from others in the market and consider market power and barriers to entry.