Question

Market Expansion means–
(A) hiring more staff (B) firing more staff (C) buying more products
(D) buying more companies (E) growth in sales through existing and new products

Answer 1

Growth in sales through existing and new products

Answer 2

Answer:

(E) Growth in sales through existing and new products.

Explanation:

Market Expansion:

It is a growth strategy which requires offering our existing product/service to a new market. This “new market” is generally outside of the current geographic regions in which we currently operate.

Depending on our business, we might have multiple goals to accomplish with our market expansion plan. A lot of people think that the only reason companies inflate into new markets is to capture more market share and grow revenue.

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