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valina [46]
1 year ago
14

According to the growth-share matrix, __________ are high-share, high-growth products. when the market growth slows these produc

ts become __________.
Business
1 answer:
laila [671]1 year ago
7 0

According to the growth-share matrix, <u>STARS</u> are high-share, high-growth products. when the market growth slows these products become <u>CASH</u> <u>COWS.</u>

<h3><u>What does marketing's growth share matrix mean?</u></h3>
  • The reasoning behind the growth share matrix is that market leadership yields greater profits that are sustainable. In the end, the market leader achieves a cost advantage that is tough for rivals to match. The markets with the most development potential are then indicated by these high growth rates.

<u>Building a Growth-Share Matrix</u>

  • Build a matrix. Make a grid of two by two boxes.
  • Establish categories. Put a dog in the lower right box, a question mark in the upper right box, a cow in the lower left box, and a star in the upper right box.
  • Include labels.
  • Determine your finances.
  • Make judgments.

To Learn more about Growth Share Matrix, Click the links.

brainly.com/question/28304254

brainly.com/question/28304254

#SPJ4

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Answer:

-0.33

Explanation:

The calculation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity demanded is

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Change in price is

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= 1

And, the average of the price is

= ($2 + $1) ÷ 2

= 1.5

So, after solving this, the price elasticity of demand is -0.33

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