Research has shown that young people below the age of 15 do not use the familiar red ketchup as much as older individuals.To capture this market,Heinz markets blue-,purple- and green-coloured ketchup.The ketchups have an exotic look,which Heinz hopes will appeal to this market.It still tastes like the old red variety.Since this is not really a new product,just an attempt to reach a new target market,which type of strategy does it exemplify?
A) market development
B) product development
C) market penetration
D) product penetration
Correct Answer:
Verified
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