Final answer:
Budding is a form of asexual reproduction that is followed by regeneration, where the new individual is able to grow missing parts to become a complete organism.
Step-by-step explanation:
Budding is a form of asexual reproduction where a part of the body grows out and separates from the original organism to form a new individual. It is followed by regeneration, where the new individual is able to grow missing parts to become a complete organism. This process is commonly seen in organisms like hydras and corals.