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Product Development Strategies Use Customers' Experiences to Develop New Products

question 54

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Product development strategies use customers' experiences to develop new products for existing customers.


Definitions:

New Ideas

Innovative or original thoughts and concepts that have not been previously considered or explored.

Recruiting

The process of identifying and attracting potential candidates from within or outside an organization to fill job vacancies.

Selection Decision

The process of choosing the most suitable candidate from a group of applicants for a job or role.

Organizational Development

Is a system-wide effort, managed from the top of the organization, to increase the organization’s overall performance through planned interventions.

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