Can you tell about Market Development Strategy?

A corporate expansion strategy called a "market development strategy" focuses on bringing existing items to new markets. Companies frequently employ market development tactics to find and cultivate fresh chances to sell their goods in as-yet untapped markets.

The goal of a company growth strategy known as a "market development strategy" is to introduce current products to new markets. To locate and create new opportunities to sell their products in as-yet untouched areas, businesses typically use market development strategies.