Market Development Strategy Quiz

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3 Questions

What is an example of a new strategy a company can use to expand its market development?

Promoting the product in new geographic areas

Which of the following is an example of a psychographic segment?

Values and interests of consumers

What should a company consider when targeting new demographic segments?

Developing products that cater to the new demographics

This quiz explores market development strategies aimed at getting current customers to spend more and targeting new demographic, geographic, and psychographic segments. Learn about considerations like profitability and likely success when implementing marketing development strategies.

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