According to Ansoff's matrix, a company that tries to increase sales by selling its existing products in a new market is following what kind of strategy?

Name: According to Ansoff's matrix, a company that tries to increase sales by selling its existing products in a new market is following what kind of strategy?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market development strategy involves selling existing products in new markets. This can include targeting new geographical areas, new customer segments, or new channels of distribution.

According to Ansoff's Matrix, a Company That Tries to Increase