product modification

product modification

the alteration by a firm of an existing product to update it and improve its competitiveness in serving existing MARKET SEGMENTS or to modify it to serve new market segments. Where technological change is rapid or where consumer tastes are changing rapidly, appropriate product modifications may be necessary to extend its life (see PRODUCT LIFE CYCLE). See PRODUCT STRATEGY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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The high speed connector allows for reliable high-speed I/O access and supports two channels of 10 Gigabit Ethernet and USB 3.0, enabling product modification for future high-speed technology requirements.
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Product modification or upgrade tests reformulations, modifications, and upgrades can add new life to existing products and services.
Advertising Effectiveness Through Ad Testing
The survey distinguishes between whether or not the selected SMEs introduced new products (product innovation), improved existing products (product modification), introduced new production process (process innovation), and whether the selected enterprises introduced new organizational techniques.
Globalization and performance of small and medium scale enterprises in Nigeria
While such expenditures would be considerably different for different products or product lines, it is conservatively assumed that the cost of product modification is 10 times the cost of testing, and that such an estimate also accounts for the modifications of products that are not tested or certified by third parties.
National expenditures, jobs, and economic growth associated with indoor air quality in the United States
It has always passed these tests without failure or product modification while many other USA and foreign brands are rejected.
Nutranomics Inc reports double digit sales growth rate in Japan, maintaining the country's strictest quality control checks for imported dietary supplements
To reduce product modification and installation costs it features a modular design with independent modules for the body, pneumatic and spring segments.
European launch for Flowserve's RG Series Heavy Duty actuator
Our skill in product modification for local customers' needs will work advantageously in the pursuit of this."
The Chinese ink market: having recovered more quickly than other nations from the global recession, the Chinese ink market is enjoying growth, particularly in the packaging gravure and sheetfed offset markets
It also defines the procedures for companies to follow when facing restrictive 'technical' rules that directly or indirectly ban a product or prevent its placement on the market, or require a product modification or withdrawal of a product from the market (www.ehpm.org).
EHPM to spotlight mutual recognition
Recommendation: To leverage key commercial component-based acquisition methods being implemented on Sentinel, and increase the chances of these practices being implemented on all FBI IT programs, the FBI Director should instruct the Chief Information Officer to incorporate into FBI policy or guidance each of the practices that we identified in this report as not being addressed relative to commercial product modification.
Information Technology: FBI Is Implementing Key Acquisition Methods on Its New Case Management System, but Related Agencywide Guidance Needs to Be Improved
Making consumers comfortable with that will either involve a product modification or an effective marketing campaign to explain why taking that step will be good for them, she said.
Swiss Re's Kinnaird says Nimble insurers can shine
In addition, new product development and customized product modification continue to be a company priority.
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