andy's auto detailing decides to open a second shop in a neighboring town. in doing so, the company is using which marketing strategy?

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21-12-2022
Business

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andy's auto detailing decides to open a second shop in a neighboring town. in doing so, the company is using which marketing strategy?

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vtalishathapar vtalishathapar · Answer 1 · 2022-12-24T03:33:42-05:00

Andy's auto detailing decides to open a second shop in a neighboring town. in doing so, the company is using a market development strategy.

What are the importance of product and the development of marketing strategy?

Companies can expand into new market segments and diversify their target customer bases with the aid of new product development. By creating interest and excitement around a new product when you're ready to launch it, a marketing strategy can help you connect with your customers before it is distributed.

A marketing development strategy is crucial because it aids in a planned, structured expansion of a company's customer base. Increasing your audience has the potential to increase leads, sales, and revenue, but careful consideration must be given to whether it is worthwhile to target new clients.

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