Question

explain how product growth strategy​

Answer 1

Answer:

A growth strategy entails introducing new products or adding new features to existing products. Sometimes, a small company may be forced to modify or increase its product line to keep up with competitors.

Answer 2

Answer:

Product development strategy refers to the methods and actions used to bring new products to a market or modify existing products to create new business. Developing a product has several steps, from producing an idea of distributing products to customers. Each stage requires a strategy to be successful and generate revenue for a business.