Question

automobile manufacturers offer new models of their products every year. what type growth strategy is this? (1 point)
○ diversification
○ market expansion
○ promotions
○ product improvement

Explanation:

Product improvement refers to enhancing existing products. Promotions involve marketing efforts. Market expansion targets new markets. Diversification enters new industries. Automobile manufacturers launching new models yearly is product improvement as they enhance the product line.

Answer:

product improvement