Answer:
Training
Explanation:
The means of providing opportunities for employees to develop the job-specific skills, experience, and knowledge they need to do their jobs or improve their performance is called training.
Training means giving new or current employees the skills they need to perform their jobs.
Answer:
Diversification Strategy
Explanation:
According to my research on different types of market strategies, I can say that based on the information provided within the question the strategy being defined is called a Diversification Strategy. Like mentioned in the question this strategy focuses on implementing a current or completely new product into a brand new market that the company has not previously marketed in.
For example, a Phone company like Samsung finds out that no other company is selling phones in Ecuador and there is a large demand for phones. Since Samsung sells phones they decide to open a store in Ecuador. Therefore, Samsung is Diversifying into Ecuador's Markets.
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