Home Strategy of launching new product in new market is known as? Strategy of launching new product in new market is known as? Market penetration Product development Market development Diversification Right Answer: Diversification Share : February 28, 2018 Asghar Khan Marketing Total 0 Votes: 0 0 Tell us how can we improve this Mcqs? Captcha: + = Verify Human or Spambot ? Related Mcqs Check Below -Google Paid Search is an example of _____________ for business innovation?Marketers operate in which marketplaces?The concept holds that consumers and businesses, if left alone, will ordinarily not buy enough of the organization’s products is termed as?