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

question 41

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) focuses on using existing assets to provide added convenience to existing customers.

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Definitions:

Overt Behavior

Visible actions or responses of an individual that can be directly observed by others.

Fully Functioning Person

A term describing an individual who is living in alignment with their true self, realizing their potentialities.

Non-Emotional

Pertaining to a state or characteristic where emotions are not easily expressed, seen, or influenced, often implying a focus on logic and reasoning.

Central Fact

The most important or pivotal piece of information concerning a particular subject or situation.