What is the term for the socially responsible marketing concept of creating an inexpensive product that can be introduced as a cheaper alternative in developing markets?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
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What is the term for the socially responsible marketing concept of creating an inexpensive product that can be introduced as a cheaper alternative in developing markets?
 
 

a) 

Tactical innovation
 

b) 

Reverse innovation
 

c) 

Strategic innovation
 

d) 

Comprehensive innovation
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9780357033791
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