What are the features of market model develpment?
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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. include leading footwear firms like Adidas, Nike and Reebok, which have entered international markets for expansion. These companies continue to expand their brands across new global markets.
Answer:
The goals of development are to be achieved on the basis of free-market economy, competitiveness and all-round individual development. This model can be described as the market model of development. It advocates that opening up of the economies of all states is the only way for development.
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