menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Marketing Study Set 4
  4. Exam
    Exam 11: Developing and Managing Brand and Product Strategies
  5. Question
    What Is a Strategy That Concentrates on Finding New Markets
Solved

What Is a Strategy That Concentrates on Finding New Markets

Question 118

Question 118

Multiple Choice

What is a strategy that concentrates on finding new markets for existing products called?


A) market penetration
B) market development
C) product development
D) product diversification

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q114: Describe brand licensing.What are the problems associated

Q115: Overextension of a brand name through a

Q116: What type of brand should a company

Q117: The creation of a venture team by

Q119: What is the approximate new-product failure rate?<br>A)

Q120: What type of brand are Pond's and

Q121: Match each item to the statement or

Q122: Deanna purchases only Diet Coke; in fact,

Q145: Branding helps firms build and maintain identity

Q161: Match each item with the correct statement

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines