Which of the following defines diversification growth​strategy?
A.
Existing products for new markets
B.
New products for new markets
C.
New products for existing markets
D.
Existing products for existing markets
E.
Creating a new pricing strategy for existing products
Expert Answer
Diversification is a corporate strategy to enter into a newmarket or industry by creating a new product for that new market.Hence the correct option is b. New products for new markets
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