One Method for Conceptualizing Alternative Strategic Opportunities Is Through the Use

question 155

Essay

One method for conceptualizing alternative strategic opportunities is through the use of a strategic opportunity matrix.Fill in the matrix below with the appropriate names of alternatives.For each of the four opportunity alternatives,also give a specific example of a firm following that strategy.
$\begin{array} { | l | c | c | } &Present ~Product &New ~Pracuct\\\hline Present~Market \\\hline New ~Market \\\hline\end{array}$

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Definitions:

Political Careers

The progression of individuals in roles and responsibilities within government and public service.

Open-market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.

Friedman Rule

A monetary policy rule proposed by economist Milton Friedman, suggesting that the optimal nominal interest rate is zero to eliminate the opportunity cost of holding money.

Deflation

A decrease in the general price level of goods and services, often indicating an economic slowdown.