According to Ansoff's Strategic Opportunity Matrix,unlike Market Development,product Development

question 66

Multiple Choice

 According to Ansoff's strategic opportunity matrix,unlike market development,product development:

• A)focuses on attracting present customers to existing products.​
• B)involves creating new products for present markets.
• C)involves entering new markets as competitors.​
• D)uses existing assets to provide added convenience to existing customers.

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Definitions:

Detectable Difference

The smallest amount of change in a stimulus that can still be sensed or identified.

Dual Nature

The property of something to exhibit characteristics of two distinct categories or phenomena.

Waves and Particles

Fundamental concepts in physics describing the dual nature of light and matter, showing properties of both waves and discrete particles.

Transparent Protective Coating

A clear layer applied over materials to safeguard them from damage, wear, or corrosion while allowing their original appearance to show through.