Q41
Adding new features to a product is advocated by which of the approaches?
A.
Product Approach
AnswerB.
Production Approach
C.
Marketing Approach
D.
Selling Approach
Answer: Option A
Solution
Answer: Option A
Solution:
Adding new features to a product is advocated by Product Approach. The Product Approach. In the product approach, also known as the “income approach” as it compares a business's production to the amount spent to create a product, businesses adapt a successful business model previously tested by another organization.