What Growth Strategy Combines New Markets and New Products

question 39

Multiple Choice

What growth strategy combines new markets and new products?

• A) market penetration
• B) product development
• C) market development
• D) diversification

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Definitions:

Connected Economy

An economic environment where businesses, devices, and individuals are interconnected through digital technologies, facilitating seamless interactions and transactions.

Blur

is to make or become unclear or less distinct, often used metaphorically to describe a lack of clarity or precision in thought, vision, or distinction.

Entirely New Transformations

Radical changes or innovations that significantly alter the way something is conducted or perceived.

Knowledge

Information, understanding, or skills gained through experience or education.