New-Product-Development Efforts for Existing Businesses or Market-Development Projects for the Firm's

question 61

Short Answer

New-product-development efforts for existing businesses or market-development projects for the firm's present products are the outgrowth of____________________strategic initiatives.

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Definitions:

Follow-up

The act of making further communications or actions to ensure the completion of a task, maintain contact, or evaluate satisfaction after an initial meeting or transaction.

Building Materials

Materials used in the construction of buildings, such as wood, concrete, steel, and bricks, designed to meet various structural and aesthetic requirements.

Long-term Relationships

The development and maintenance of ongoing, cooperative partnerships between individuals or organizations over an extended period.

Service Quality

The assessment of how well a delivered service matches the customer's expectations.