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Describe the Internal Growth Strategy of New Product Development

question 46

Essay

Describe the internal growth strategy of new product development. Why is it a competitive necessity in some industries that entrepreneurial firms focus on this form of growth?


Definitions:

Renewed

Made new or refreshed again.

Discharged Debt

A debt that has been deemed paid or settled, releasing the debtor from further obligations.

Primary Effect

The direct and immediate results of an action or policy, as opposed to its secondary or indirect effects.

Overdue Debts

Money owed that has not been paid by the agreed-upon due date, often subject to additional fees or penalties.

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