XtraTorque Inc.is a leading engine oil manufacturer in the United States.The company manufactures oil that can withstand a broader range of temperature than any other engine oil brands available in the market.The company plans to expand its business into the Russian market because its product can maintain fluidity even at low temperatures.Which of the following organizational strategies should XtraTorque Inc.adopt?

Question

Quizplus · Accepted Answer

XtraTorque Inc. should adopt a market development strategy since it plans to expand its business into the Russian market. This strategy involves selling existing products in new markets, and since the company's oil can maintain fluidity at low temperatures, it has the potential to tap into a new market with this unique feature.