Ask Question
18 June, 18:04

M's Pizza, a fast food chain, decides to explore the hospitality industry and signs a partnership with the Silverline Chain of Hotels. This partnership will ensure that M's Pizza's specialty pizzas are included in the hotel's room-service menu. In this scenario, which of the following growth strategies is M's Pizza usingA) Product development

B) Market saturation

C) Diversification

D) Market development

+4
Answers (1)
  1. 18 June, 20:16
    0
    The correct answer is letter "D": Market development.

    Explanation:

    Market development is a strategy firms use to introduce a product into another existing market attracting new consumers to the same business. The strategy implies selling existing products in new geographical areas but it can also refer to selling the same goods or services to the same customers in new ways.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “M's Pizza, a fast food chain, decides to explore the hospitality industry and signs a partnership with the Silverline Chain of Hotels. This ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers