The strategy that aims to serve new markets with new products is:

Question

Quizplus · Accepted Answer

Diversification is the strategy that aims to serve new markets with new products. Product development is about creating new products for existing markets, market development is about entering new markets with existing products, and market penetration is about increasing market share with existing products in existing markets. Benchmarking is a process of comparing one's business processes and performance metrics to industry best practices or standards.

The Strategy That Aims to Serve New Markets with New