What is one of the four major growth strategies that marketers typically utilize?
A)market penetration
B)target development
C)segment analysis
D)market assimilation
E)product growth

Question

Quizplus · Accepted Answer

Market penetration involves increasing market share with existing products or services within the current market. This strategy is typically less risky than other growth strategies and can be achieved through tactics such as increasing advertising, lowering prices, or improving customer service.

What Is One of the Four Major Growth Strategies That