"In what ways can businesses ensure that they are effectively utilizing customer feedback to drive continuous innovation and improvement in their products or services?"

Product Development
Businesses can ensure they are effectively utilizing customer feedback by regularly collecting and analyzing feedback through surveys, reviews, and other channels. They should also prioritize feedback that highlights areas for improvement and innovation. Additionally, businesses can involve customers in the product development process through focus groups or beta testing to gather more in-depth insights. Finally, businesses should communicate how customer feedback is being used to drive changes and improvements in their products or services to build trust and loyalty with their customers.