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1 year ago

A ________ growth strategy employs the existing marketing offering to reach new market segments.

Business

1 answer:

romanna [79]1 year ago

7 0

A market development growth strategy employs the existing marketing offering to reach new market segments.

This is further explained below.

<h3>What is a market development growth strategy?</h3>

Generally, The process of selling your current goods or services to a whole new set of consumers is an essential part of market expansion, which is a growth strategy.

It all starts with doing market research, during which you will perform a segmentation study of the market you already have.

In conclusion, The current marketing offering is used in order to expand into new market sectors as part of a market development growth plan.

Read more about market development growth strategy

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