Remvault Dairies witnessed a steady decline in the sales of its products due to increased competition...
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Remvault Dairies witnessed a steady decline in the sales of its products due to increased competition in the local market, Remvault Dairies plans to adopt the market development strategy. In this scenario, which of the following is the best step the company can take to rejuvenate its financial losses? a Attract existing customers rather than new customers. b. Introduce new products into new markets. Oc Create new produck for its present markets. O d. Focus on promoting new uses for old products. Remvault Dairies witnessed a steady decline in the sales of its products due to increased competition in the local market, Remvault Dairies plans to adopt the market development strategy. In this scenario, which of the following is the best step the company can take to rejuvenate its financial losses? a Attract existing customers rather than new customers. b. Introduce new products into new markets. Oc Create new produck for its present markets. O d. Focus on promoting new uses for old products.
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Answer rating: 100% (QA)
D Focus on promoting new uses for old products One ... View the full answer
Related Book For
Global Marketing management
ISBN: 978-0470505748
5th edition
Authors: Masaaki Kotabe, Kristiaan Helsen
Posted Date:
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