A telecommunications firm is working on new product concept of built-in routers in mobile phones.If the new product will be sold to existing customers, the finn is pursuing a strategy of:
A)product development.
B)market penetration.
C)product proliferation.
D)market signaling.
E)market development

Question

Quizplus · Accepted Answer

The company is developing a new product concept of built-in routers in mobile phones, which means they are creating a new product for their existing customers. This strategy is known as product development, which focuses on creating new products or services for existing markets.

A Telecommunications Firm Is Working on New Product Concept of Built-In