Asked by NIKITA JALOTA on Sep 28, 2024
A firm selling new products to new markets is most likely using a growth strategy of ________.
A) diversification
B) market penetration
C) market development
D) product development
Diversification
The strategy of expanding into new markets, products, or services to reduce risk and enhance potential for growth.
- Explore the various growth strategies available to firms, including diversification, market penetration, and product development.
Learning Objectives
- Explore the various growth strategies available to firms, including diversification, market penetration, and product development.
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