_____ is a strategy whose goal is growth,based on selling in areas or to groups previously not served by the business.

Question

Quizplus · Accepted Answer

Market expansion is a strategy that aims to achieve growth by selling to new areas or groups that were not previously served by the business. Market penetration, on the other hand, is a strategy that aims to increase market share by selling more of the existing products in the current market. Product expansion and diversification, on the other hand, refer to strategies aimed at introducing new products or entering new markets, respectively.

_____ Is a Strategy Whose Goal Is Growth,based on Selling