Explain the strategy for product development, Financial Management

Product development

A strategy which tends to increase sales by the development of new services or products to the same market for example an entirely new or improved existing product, with more features or modifications being sold.

  • R&D and reverse engineering to build upon existing knowledge about consumers
  • Modifications to products to reflect changing wants, needs or values
  • Innovative change to products with novelty appeal for example new ranges or flavours

 

Posted Date: 9/2/2013 5:35:20 AM | Location : United States







Related Discussions:- Explain the strategy for product development, Assignment Help, Ask Question on Explain the strategy for product development, Get Answer, Expert's Help, Explain the strategy for product development Discussions

Write discussion on Explain the strategy for product development
Your posts are moderated
Related Questions
How and why does working capital affect the incremental cash flow estimation for a proposed large capital budgeting project?  Explain. Several large projects require additional

Can a company have a default rate on its accounts receivable that is too low?  Explain. A company could comprise a default rate on AR that would be referred too low if by liberal

What are the Objectives of Financial Management To make wise decisions a clear understanding of the objectives that are sought to be achieved in compulsory. Objectives provide

Profitability Index (PI) : It is a ratio of the present value of the total cash benefits to the present value of the net cash outlay.  The higher the PI, the higher the return.

Explain Gresham’s Law. Answer:  Gresham’s law considers to the phenomenon that bad (abundant) money drives good (scarce) money out of circulation. This type of phenomenon was fre

Q. What do you mean by Collateralized Mortgage Obligation? Collateralized Mortgage Obligation (CMO) - SECURITY whose cash flows equal the difference between cash flows of colla

Compare diversifiable and nondiversifiable risk. Which do you think is more important to financial managers in business firms? Diversifiable risk is able to be dealt with by of

Is book value the best proxy to the value of the shares? No. According to A6 it would be a miracle if the number that appears in the Shareholders' Equity had anything to do wit

A niche market targets a well-defined and specific market segment. Firms that operate in niche markets will therefore cater for the precise and distinct needs of their customers. D

What are the basic requirements for a successful JIT inventory control system? For a JIT system to be booming the supplier must be willing and capable to deliver materials instan