Entering foreign markets is an example of a:

Question

Quizplus · Accepted Answer

Entering foreign markets is a market development strategy, as it involves expanding the company's market reach into new geographical locations. A product development strategy involves creating new products or modifying existing ones, while a market penetration strategy focuses on increasing market share in existing markets. A market modification strategy refers to changing the target market, such as by adjusting the pricing or distribution strategy.

Entering Foreign Markets Is an Example of A