Using Ansoff's matrix, if a firm enters new markets using existing products it is using the growth strategy of:
A) Market penetration
B) Market development
C) Product development
D) Diversification
Correct Answer:
Verified
Q1: The corporate head office has no real
Q2: The concept of _ can be explained
Q4: An organization pursuing diversification seeks to increase
Q5: Product developing strategy will be successful when:
Q6: If there is a high degree of
Q7: A firm acquires or merges with a
Q8: There is sound evidence to back up
Q9: Why did the Daimler-Benz Chrysler merger fail?
Q10: Which of the following are descriptions of
Q11: What reasons are there for an organization
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