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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:
Penetrating pricing strategy
______ price refers to the high initial price charged when a new product is introduced in the market.
Selling price = Total cost per unit + Desired profit per unit is the formula to fix prices under which Pricing Strategy?
Factors which do not influence price determination is ______.
Parity pricing is not relevant under the present marketing conditions. Justify either for or against by giving two reasons.
What is parity pricing?
Give one difference between skimming pricing and penetrating pricing.
What is skimming pricing?
Identify two desirable conditions under penetrating pricing.
What are the conditions under which parity pricing is desirable?
