The principal way(s) to implement a market development strategy include:
A) enter new geographic markets
B) develop new uses for current facilities
C) develop new uses for current products
D) All of the above are principal ways to implement a market development strategy.

Question

Quizplus · Accepted Answer

Market development strategy involves expanding the potential market through new users or new uses. This includes entering new geographic markets, developing new uses for current products, and potentially leveraging current facilities in new ways to support this expansion. Therefore, all the options provided are principal ways to implement a market development strategy.

The Principal Way(s) to Implement a Market Development Strategy Include