Acme Inc.,has modified the production processes of its widgets and gadgets in order to enter the Eastern European market.Acme is likely following a ________ strategy.
A)market penetration
B)market development
C)diversification
D)harvesting
E)product development

Question

Quizplus · Accepted Answer

Market development involves introducing existing products to new markets, which is exactly what Acme Inc. is doing by modifying their production processes to enter the Eastern European market.

Acme Inc,Has Modified the Production Processes of Its Widgets and Gadgets