Adding new features to a product is advocated by which of the approaches?

A. Product Approach

B. Production Approach

C. Marketing Approach

D. Selling Approach

Answer: Option A

Solution(By Examveda Team)

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.