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SAGE Social Science Thesaurus

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Concept information

Preferred term

market development  

Definition

  • Market development implies seeking out new buyer groups as potential customers for a firm's existing products and services. These customers may be currently served by competitors or may not currently consume such offerings. [Source: Encyclopedia of Business in Today's World; Market Development]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-M9NR1TVR-N

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