Soru
Market expansion means Hiring more staff Firing more staff Buying more products Buying more companies Growth in sales through existing and new products 1
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Market expansion refers to the process of increasing a company's presence in the market by selling its products or services in new areas or to new customers. This can be achieved through various strategies, such as:1. **Growth in sales through existing and new products**: This involves increasing sales of existing products in new markets or introducing new products to existing and new markets. This strategy aims to maximize revenue and market share by tapping into new customer segments and expanding the product portfolio.2. **Hiring more staff**: While hiring more staff can support market expansion by increasing capacity and efficiency, it is not the primary definition of market expansion itself.3. **Firing more staff**: This is not related to market expansion and is generally not a strategy for growth.4. **Buying more products**: This is not a typical strategy for market expansion. Market expansion focuses on increasing sales and market share rather than just increasing inventory.5. **Buying more companies**: This can be a part of market expansion if the acquired companies bring new products, technologies, or market access. However, this is more specifically related to corporate acquisitions and mergers.Therefore, the most accurate answer is:**Growth in sales through existing and new products**