Which of the Following Terms in the Ansoff Matrix Is

question 34

Multiple Choice

Which of the following terms in the Ansoff matrix is used for developing new products for new markets?

• A) Market penetration
• B) Market development
• C) Product development
• D) Diversification

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Definitions:

Payees

Individuals or entities to whom money is paid or is to be paid.

Signature Requirement

The legal or regulatory mandate that a document must be signed by one or more parties to validate or acknowledge it.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize laws across states and simplify transactions.

Agent

A person authorized to act on behalf of another person, typically in a business or legal matter.