When a company is looking for growth opportunities, which of these steps should it take first) A) Consider whether it should develop new products for new markets through a diversification strategy B) Consider whether it can develop new products for its current markets with a product-development strategy C) Consider whether it should strengthen its brands by consolidating diverse product lines. D) Consider considers whether it can find or develop new markets for its current product using a market-development strategy E) Consider whether it could gain more market share with its current products in their current markets using a market-penetration strategy.
When a company is looking for growth opportunities, which of these steps should it take first) A) Consider whether it should develop new products for new markets through a diversification strategy B) Consider whether it can develop new products for its current markets with a product-development strategy C) Consider whether it should strengthen its brands by consolidating diverse product lines. D) Consider considers whether it can find or develop new markets for its current product using a market-development strategy E) Consider whether it could gain more market share with its current products in their current markets using a market-penetration strategy.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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When a company is looking for growth opportunities, which of these steps should it take first)
A) Consider whether it should develop new products for new markets through a diversification strategy
B) Consider whether it can develop new products for its current markets with a product-development strategy
C) Consider whether it should strengthen its brands by consolidating diverse product lines.
D) Consider considers whether it can find or develop new markets for its current product using a market-development strategy
E) Consider whether it could gain more market share with its current products in their current markets using a market-penetration strategy.
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