Examlex
Briefly describe the list of items that managers undertake to formulate strategies.
Market Development
A growth strategy that involves the introduction of existing products into new markets to increase sales and market share.
Diversification
A strategy that involves entering into new markets or investing in different types of assets to reduce risk and increase potential returns.
Market Development
A growth strategy where a business seeks to sell its existing products into new markets to increase its customer base.
Product Development
The process of bringing a new product or service from concept to market, including design, creation, and launch phases.
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