Question

Both product development strategies and diversification strategies involve ________. A. leaving the current market selling a company's B. current products developing a new product C. selling in a company's current market D. selling in new as well as existing markets

Answer 1

The options are:

A. leaving the current market selling a company's current products B. developing a new product C. selling in a company's current market D. selling in new as well as existing markets.

Answer:

B. developing a new product

Explanation:

Both when involved in product development strategy and diversification there will be development of a new product.

In product development strategy involves bringing new innovation to customers. New products that the market needs are developed.

In diversification strategy involves entering a new market and developing new product to get market share.