Which Strategy in Ansoff's Product-Market Growth Matrix Combines Current Markets

question 44

Multiple Choice

Which strategy in Ansoff's product-market growth matrix combines current markets and current products?

• A) market development
• B) product development
• C) market penetration
• D) diversify

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Definitions:

National Labor Unions

Early labor organizations in various countries that sought to advocate for workers' rights and interests across multiple industries.

Government Regulations

Guidelines and rules established by governmental bodies designed to control and govern the practices and operations of various industries and sectors.

Economic Integration

A process whereby countries reduce trade barriers and coordinate monetary and fiscal policies to create a seamless economic region or market.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often resulting in increased connectivity and interdependence among global economies.