RedInk,a company that manufactures office furniture,is based in Bodonia.It is looking to sell its current products in other countries as well.The company identifies the country of Soleria as a good option because the cultures and tastes of consumers in the two countries are similar.This is an example of a strategy for ________.

Question

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RedInk's strategy of selling its current products in a new country, Soleria, is an example of market development. This involves expanding a company's market by selling existing products or services in new markets. RedInk recognizes that the cultures and tastes of consumers in Soleria are similar, thus presenting a good opportunity for market expansion.

RedInk,a Company That Manufactures Office Furniture,is Based in Bodonia