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प्रश्न
The strategy of introducing new product in existing market is classified as ______.
विकल्प
Market development
Market Penetration
Product development
Diversification
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उत्तर
The strategy of introducing new product in existing market is classified as Product development.
Explanation:
Product development involves creating new products to serve existing markets. This strategy focuses on innovation and improvement to meet the evolving needs of the current customer base, thereby increasing market share and competitiveness.
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संबंधित प्रश्न
Explain the below mentioned pricing strategy:
Skimming pricing strategy
Explain the below mentioned pricing strategy:
Penetrating pricing strategy
______ is the most common method used for pricing.
Setting a price below than that of the competition is called ______.
The main aim of penetrating pricing is to ______.
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State two disadvantages of Cost plus pricing policy.
What are the conditions under which parity pricing is desirable?
What pricing strategy will be used to launch shampoo?
"Penetrating pricing leads to setting a high initial price". Comment
