Examlex
List and explain the three stages of cognitive development.
Market Development
The process of expanding into new markets to increase sales and profitability, often by identifying and entering new geographic or demographic segments.
Market Penetration
The extent to which a product or service is recognized and bought by customers in a particular market.
Diversification
A strategy of investing in a variety of assets to reduce exposure to any single investment's risk.
Strategic Marketing Process
A systematic approach to planning, executing, and managing marketing efforts to achieve business objectives.
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