FIGURE 2-7
-According to Figure 2-7 above, which two strategies would be used if a firm were not willing to find new markets?

Question

FIGURE 2-7 
-According to Figure 2-7 above, which two strategies would be used if a firm were not willing to find new markets?

Quizplus · Accepted Answer

Product development and market penetration are the two strategies that would be used if a firm were not willing to find new markets. Product development involves creating new products or improving existing products, while market penetration involves increasing sales of existing products in existing markets.

FIGURE 2-7 -According to Figure 2-7 Above, Which Two Strategies Would Be