Prıncıples Of Marketıng Deneme Sınavı Sorusu #800611

According to the growth strategies, which one of the following is the name of the strategy which a business continues its operations with the present products in its present markets?


Product development

Market penetration

Market development

Diversification

Market skimming


Yanıt Açıklaması:

In the growth matrix, the first strategy is market penetration strategy. In this strategy, a business continues its operations with the present products in its present markets. Therefore, the business can profoundly penetrate the market, in other words increase the sales of its existing products in its current market.
There are three options for a business that wants to penetrate the market. The right answer is B. 

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