Which strategy in the Ansoff Product-Market Growth Matrix combines new markets and current products?

Name: Which strategy in the Ansoff Product-Market Growth Matrix combines new markets and current products?
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Question

Quizplus · Accepted Answer

Market development strategy involves expanding into new markets with existing products. It aims to increase sales and revenue by finding new customers for existing products. This strategy helps in utilizing the potential of untapped markets and adding new revenue streams.

Which Strategy in the Ansoff Product-Market Growth Matrix Combines New