Examlex
Invotech sells the latest in large scale printing equipment to wallpaper producers,who depend on the firm for continuous service and technical support.Invotech's best option for distribution involves ________________________.
Market Development
A growth strategy where a company seeks to sell its current products in new markets or new segments of existing markets.
Growth Strategy
A growth strategy is a plan of action designed to increase the size and scope of a business, by expanding its market reach, product portfolio, or operations.
Market Penetration
A measure of the extent to which a product or service is recognized and purchased by customers within a specific market.
Product Development
The creation of new or improved products or services to meet market demands, involving design, development, and marketing stages.
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