how does availability of market help in development of industries
Answers
Explanation:
Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
Description: Market Development is a 2-step process to tap the untapped market. It begins with market research wherein a company does a segmentation analysis and short ists market segments which are worth pursuing. It is an attempt to use the existing product or service to attract new customers. The goal is to expand the reach or tap into a different segment or unexplored market. A segment is defined as the small sub-group of a larger population. For example, the
Answer:
development can be referred to as acheivement of desires and goals।
Since by availablity of market, industries are able to fulfill their desires, i.e. they can sell their products and earn profit, We can say that market help in development of industries.