Q.
1

Statement – I: Introducing an existing product in the new market is called market development.

Statement – II: Introducing a new product in the existing market is called diversification.

Statement – III: Introducing an existing product in the existing market is called market penetration.

Choose the correct option about the statements from among the options given below:

  • A

    Statements I & II are only correct.

  • B

    Statements I & III are only correct.

  • C

    Statements II & III are only correct.

  • D

    Statements I, II & III are correct.