A situation whereby market is expanded by developing new products to satisfy new consumer needs is called -

Question

A situation whereby market is expanded by developing new products to satisfy new consumer needs is called -

A situation whereby market is expanded by developing new products to satisfy new consumer needs is called -
1). Market development
2). Diversification
3). Both a: and b:
4). Neither a: nor b:

Posted by: sia | Created at: Mar 16, 2025 | Last updated: Mar 16, 2025

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This Question has 3 answers.

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kumari arpana · Answer 1 · 2025-03-16T13:53:13+00:00

Answer #1954

option 2 is the answer

Posted by: kumari arpana | Created at: Mar 16, 2025 | Last updated: Mar 16, 2025

Pinki · Answer 2 · 2025-03-16T13:53:13+00:00

Answer #1955

Diversification

Posted by: Pinki | Created at: Mar 16, 2025 | Last updated: Mar 16, 2025

geeta · Answer 3 · 2025-03-16T13:53:13+00:00

Answer #1956

market development

Posted by: geeta | Created at: Mar 16, 2025 | Last updated: Mar 16, 2025