ECONOMICS
COMPETITION AND MARKET STRUCTURES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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expensive
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special
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legitimate
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powerful
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Detailed explanation-1: -Diversification – The concept of entering a new market with altogether new products.
Detailed explanation-2: -One of the first steps in a product launch is to thoroughly research the market for your product. This means researching your target market and potential customers. It includes identifying and analyzing the needs of the market, the market size and your competition.
Detailed explanation-3: -Direct Exporting. Direct exporting is selling directly into the market you have chosen using in the first instance you own resources. Licensing. Franchising. Partnering. Joint Ventures. Buying a Company. Piggybacking. Turnkey Projects. More items
Detailed explanation-4: -Identify Your Ideal New Customers. Use Direct Response Marketing to Attract Customers. Give Something Away to Entice New Customers. Give Your Business a Face Lift to Increase Sales. Get The (Right) Word Out.