International Manufacturing & Product Development - definitions  
International Manufacturing & Product Development - definitions -b

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A, B, C, D, E, F, G, I, J, L, M, O, P, R, S, T, U, V, W, Webliography

 

 

Backward Invention
A strategy whereby a company produces a simplified version of a domestic product for less-developed countries.

 

 

Blocked Markets
Markets where it is not possible to compete fairly or where entry permission is denied, particularly in foreign countries.

 

 

Business Concept
A business’ idea of its product, competition, format, target market, and the value it plans to offer the customer.






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