Business Studies, asked by Abcd8142, 1 year ago

_____ is a strategy that attempts to attract new customers to existing products

Answers

Answered by Abhaytomar11
2
hey mate here is your answer..
it's Market development.
this is a defination of market development .

hope it will help you my dear friend plz mark it as brainliest I need it.
Answered by ChhutiMistry1
0

Answer:

Market development is a strategy that attempts to attract new customers to existing products

Explanation:

Market development may be a growth strategy which identifies and develops new market segments for current products, already within the market. A development strategy targets specifically the non-buying customers in currently targeted segments. It also targets some new customers also in new segments. Market Development Strategy are often said to be a growth strategy put in place by companies or organizations to introduce their product or solution to specific target audiences they have not yet reached or are not yet currently serving.

#SPJ2

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