Remvault Dairies witnessed a steady decline in the sales of its products due to increased competition in the local market. Remvault Dairies plans to adopt the market development strategy. In this scenario, which of the following is the best step the company should take in an attempt to rejuvenate its financial losses?
A) Introduce new products into new markets.
B) Create new products for its present markets.
C) Attract existing customers rather than new customers.
D) Focus on promoting new uses for old products.
Correct Answer:
Verified
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