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Commerce · Q127

eCommerce

Graduate and Post Graduate · Commerce · question 127

Q127

Which of the following market entry strategies are the most common for existing firms?

A.
first mover
B.
fast follower
C.
brand extender
Answer
D.
alliances

Answer: Option C

Solution

Answer: Option C
Solution:
Brand extender market entry strategies are the most common for existing firms. Brand Extension is the use of an established brand name in new product categories.