The two ways that related markets can be developed for existing products are:
A)target new customer segments and/or expand geographically
B)target old customer segments and/or expand regionally
C)target new consumer segments and/or expand internationally
D)target old consumer markets and/or expand locally

Question

Quizplus · Accepted Answer

Targeting new customer segments or expanding geographically are the two most common and effective ways to develop related markets for existing products. This allows companies to reach new consumers who may not have been previously targeted or expand their reach to new regions where demand for their products may exist. Expanding into new international markets may also be an option, but this can be more complex and require additional resources and expertise. Similarly, focusing on old customer segments or limiting expansion to a local region may not result in significant growth opportunities.

The Two Ways That Related Markets Can Be Developed for Existing