Question

costco, a popular retail chain in north america, recently opened three new stores in sacramento to cater to its customers. this exemplifies growth strategy

Answer 1

The fact that Costco opened three new stores to serve its customers exemplifies the growth strategy.

What is the growth strategy?

It corresponds to an organizational plan that defines courses of action with the objective of reaching new markets and consumers. Some growth strategies are related to increasing market share, increasing investments and including benefits in the goods offered.

Therefore, a growth strategy when well implemented helps a company to create more value for the consumer, attracting and retaining them, in addition to becoming more competitive and positioned in the market.

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