What is market development as per Ansoff matrix?  A. Selling present product to present market  B. Sell present product in new market to gain new customers  C. Develop new product to sell in present market  D. Develop new product and target them in new market

'Market-development strategy' is used to gain market share*1 pointA. current products in new marketB. new products for new marketsC. new products in new marketD. current product in current market

Ansoff MatrixTake a look at the following strategies adopted by Honda. Which one of these is in line with a market development strategy?Honda wants to start selling its cars in MalaysiaHonda wishes to relaunch a new version of its retired 'Accord EV Plug-in' car modelHonda starts a customer loyalty programme to improve customer relations and referralsHonda signs more dealerships in cities where it already has a presence

Which of the following best describes a market development growth strategy?Question 2Select one:Selling new or modified products to existing customersIncreasing sales to existing customersGenerating sales in new market segmentsFinding new business outside current markets

The Ansoff Matrix is a strategic planning tool that provides a framework to help executives, senior managers, and marketers devise strategies for future growth which includes: Hint: Choose 3 elements here*3 pointsDiversificationStarsDogsMarket PenetrationQuestion MarksProduct Development

18.Introducing a new product into the market is called as:  A. Test marketing  B. New product development  C. Experimenting  D. Commercialization