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Although Developing New Products Can Help a Company Get Ahead

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Although developing new products can help a company get ahead in the marketplace,if a company currently markets a successful product,there is no need to spend money or staff time on developing new products.


Definitions:

Experimental Method

The Experimental Method is a systematic and scientific approach to research in which the researcher manipulates one or more variables to determine their effect on a certain outcome.

Developmental Psychology

A branch of psychology that studies how people change over the lifespan, including physical, cognitive, social, intellectual, perceptual, personality, and emotional growth.

Social Psychology

The examination of the ways in which actual, imagined, or suggested presence of others impacts individuals' thoughts, emotions, and actions.

Social Psychology

An investigation into the processes by which people form opinions, exert influence, and interact socially.

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