advantages and disadvantages of ideas of
development
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Some important advantages of product development are as follows:
- Product development helps in producing the goods and services of best quality.
- It provides maximum possible satisfaction to the consumers.
- It helps in expanding the market for the products.
- It helps in achieving stability in the demand of the products.
Answered by
2
Answer:
Some important advantages of product development are as follows:
Product development helps in producing the goods and services of best quality.
It provides maximum possible satisfaction to the consumers.
It helps in expanding the market for the products.
It helps in achieving stability in the demand of the products.
The main disadvantage of choosing to employ a market development strategy is the risk associated with such a strategy. Under such a strategy a company will engage upon entering new markets for its products.
Explanation:
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