Marketing current products with possible modifications and range increases is also known as what?
A. Retrenchment
B. Market penetration
C. Product development
D. Market development
Answer: Option D
Solution(By Examveda Team)
Marketing current products with possible modifications and range increases is also known as Market development. Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market.This Question Belongs to Management >> Strategic Management
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Correct answer should be product development