Market development is a strategy that attracts new customers to existing products.

Name: Market development is a strategy that attracts new customers to existing products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market development is a strategy that targets new markets or customer segments to promote existing products. It is different from product development, which involves creating new products for existing markets, and diversification, which involves creating new products for new markets.

Market Development Is a Strategy That Attracts New Customers to Existing