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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
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
State any two advantages of cost-plus pricing strategy.
Markup pricing is also called as ______.
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 ______.
What is parity pricing?
Identify two desirable conditions under penetrating pricing.
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
