after many months of analysis and study, the insurance company introduced a new disability product that would allow consumers of all income brackets an affordable insurance choice. which primary activity did this company rely on to create this product? multiple choice question. research and development production activity customer service marketing

Question

25-10-2022
Business

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after many months of analysis and study, the insurance company introduced a new disability product that would allow consumers of all income brackets an affordable insurance choice. which primary activity did this company rely on to create this product? multiple choice question. research and development production activity customer service marketing

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Research and development was the primary activity the insurance company relied on to create the product. The correct answer is option A.

The term 'research and development' refers to the processes businesses use to create and launch new goods and services. It frequently marks the beginning of the development process. The objective is normally to introduce new goods and services to the market and boost the bottom line of the business.

Research and Development is frequently used to refer to innovation in the business and public sectors. It enables a business to maintain a competitive edge. Without an R&D programme, a business may not be able to exist on its own and may need to rely on alternative methods of innovation, such as partnerships or mergers and acquisitions. Companies can create new goods and enhance their current offerings through this process.

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