Answer to Question #191916 in Economics for Beauty Magadlela

Question

 Tsogo Sun creates and maintains long-term sustainable value through a number of key pillars including meeting reasonable requirements for their stakeholders, financial strength and durability and maintaining product relevance to customer experience.

Tsogo Sun has invested in projects totalling US$ 100 million in Nigeria and Mozambique and continues to look for opportunities to add to their businesses in these regions to expand their market offering. This is an example of a __________________ corporate growth strategy.

1 diversification

2 market development

3 product development

4 turnaround

Answer 1

Market development