Agrowth strategy whereby a firm introduces a new product or service to a market segment that it does

3 answers
Question:

Agrowth strategy whereby a firm introduces a new product or service to a market segment that it does not currently serve.

Answers

Diversification Strategy

Explanation:

According to my research on different types of market strategies, I can say that based on the information provided within the question the strategy being defined is called a Diversification Strategy. Like mentioned in the question this strategy focuses on implementing a current or completely new product into a brand new market that the company has not previously marketed in.

For example, a Phone company like Samsung finds out that no other company is selling phones in Ecuador and there is a large demand for phones. Since Samsung sells phones they decide to open a store in Ecuador. Therefore, Samsung is Diversifying into Ecuador's Markets.

I hope this answered your question. If you have any more questions feel free to ask away at

both the house and senate must approve the conference report.   after it is approved by both on an identical from, it will be sent to the president.   if the president approves it, it will become law.

the density would be a smaller number.

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