Laelle Corp.is a company that produces large automotive spare parts.It has three offices in the country.According to Ansoff's strategic opportunity matrix,if Laelle Corp.follows a market development strategy,
A) it creates new products for its present markets
B) it focuses on promoting new uses for old products
C) it focuses on attracting existing customers rather than new customers
D) it ventures into a new business and shut down its existing business
Correct Answer:
Verified
Q33: Strategic planning is just an annual exercise.
Q34: According to Ansoff's strategic opportunity matrix,which of
Q36: Magnira Inc.plans to implement a market penetration
Q38: Apcon Mobiles Inc.is a popular cell phone
Q40: According to Ansoff's strategic opportunity matrix,unlike market
Q46: Which of the following strategies can enable
Q77: Market segments cannot be differentiated by ethnicity
Q78: Which of the following statements is true
Q86: The term marketing mix refers to a
Q97: When properly created, a strategic business unit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents