Question

HLL is a very famous company its products like Colgate,Liril etc.are very popular, but the company keeps on introducing new varieties and improves on its existing products? why is this essential?

Answer 1

This is essential because if they will not produce new products they will face loss....People too want new varieties to buy and use.

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Answer 2

Hey mate.
Here is your answer-

Yes, it is right that the very big and famous companies like- Walmart, Apple, Colgate etc. keeps on introducing new varieties of products and keeps improving them.

It helps both the company and the citizens-

It is very important because by the introduction of new and advanced products other companies will also produce new and advance products for their dignity which led the balance in the market and competition in the market.

It also helps people because by the introduction of new and advanced products it helps them as the new thing is much better than old ones.

Also, as the introduction and the improvement on other products people buys more and more products and the company earns a huge profit.

Hope it helps!!!!!!!!
Mark it Brainliest.