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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
It is also known as ‘going rate pricing’ or competition based pricing.
Setting a price below than that of the competition is called ______.
Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.
The main aim of penetrating pricing is to ______.
The pricing strategy involves charging according to what competitors are charging ______.
Which pricing strategy will be used to launch a high end auto motors?
What is parity pricing?
"Competition based pricing is ideal for non-branded products." Comment.
What is skimming pricing?
What is penetrating pricing?
