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zlopas [31]
3 years ago
13

3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insight

s and develop new products that will meet these customers' needs. 3M is pursuing a __________ growth strategy.
a. product development
b. diversification
c. product penetration
d. market penetration
e. market development
Business
1 answer:
7nadin3 [17]3 years ago
8 0

Answer:

a. product development

Explanation:

Product development strategy is the method of introducing new products to customers, from idea to evaluation to delivery.... New product development approaches are intended to improve current goods in order to improve the existing industry or to develop new items that the customer is looking for.

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2 years ago
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4 years ago
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Mila [183]

Answer:

company sells a limited quantity of high-unit cost items.

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