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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
Setting a price below than that of the competition is called ______.
Selling price = Total cost per unit + Desired profit per unit is the formula to fix prices under which Pricing Strategy?
The main aim of penetrating pricing is to ______.
______ determines the sales volume and the profit margins.
The pricing strategy involves charging according to what competitors are charging ______.
"Competition based pricing is ideal for non-branded products." Comment.
What are the conditions under which parity pricing is desirable?
What pricing strategy will be used to launch shampoo?
Discuss the pros of Penetrating Pricing Policy.
What are various strategies used for pricing a product?
