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प्रश्न
The strategy of introducing new product in existing market is classified as ______.
पर्याय
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
It is also known as ‘going rate pricing’ or competition based pricing.
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 ______.
Give two conditions under which parity pricing is desirable.
“In a competitive market, parity pricing is the appropriate strategy.” Justify either for or against.
What is Cost plus pricing policy?
State two disadvantages of Cost plus pricing policy.
Discuss the pros of Penetrating Pricing Policy.
What are various strategies used for pricing a product?
