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What is the modification of an existing product or process?

Innovation is the modification of an existing product or process.


Product design just restyling of existing products?

NO


What are the existing industry related to cooking meal products?

what are the existing industry related to cooking meal product


What is Marketing mix for existing product in new market?

the pricing


What is product adaptation?

Product adaptation is a kind of marketing strategy wherein a company develop new products. The new product is based on modification of existing items.


What are some typical business strategies?

For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".


What is product redefinition?

presenting existing product in changed version may be its package or its form where some qualities are maintained but product becomes appealing..


When should a company put its energy into developing new products rather then trying to re engineer existing products to be more productive?

A company can introduce new product when its existing product is at declining stage


What is the process of cannization?

"Canization" is a typo for "cannibalization." Cannibalization occurs when a new product reduces sales of an existing product within the same company. This can happen if the new product is too similar or if it competes with the existing product for the same customers. Companies must carefully manage product launches to minimize cannibalization and maximize overall sales.


What is cut in a new product in merchandising?

When a new product is introduced, the manufacturer usually likes to cut-in the new product into the existing planogram via a Revision.


Why must designers investigate existing product?

So that they get to know which chemicals have been used in the product,and they get to know so that they don't use that product if they have any alergie which has been used in the product...


What is an extra tax added to an existing tax on a product or service?

Sales tax