Conservative Strategies in a SPACE Matrix Most Often Include Product

question 55

True/False

Conservative strategies in a SPACE Matrix most often include product development, market development, market penetration, and related diversification.

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Definitions:

Reduce Inputs

A cost-saving and efficiency strategy which focuses on lowering the resources (such as materials, labor, and energy) used in the production process.

Security Needs

Basic human requirements for safety and security, including physical safety, employment, resources, health, and property.

Pension Plan

A retirement plan funded by an employer, providing a fixed income to employees after they retire.

Potable Drinking Water

Water that is safe to drink or to use for food preparation, meeting the quality standards that are free from harmful contaminants.