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weqwewe [10]
1 year ago
10

The​ product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the​ following, which re

present the four components of the​ product/market expansion​ grid?.
Business
1 answer:
mart [117]1 year ago
6 0

The product/market expansion grid is a tool that allows marketers to identify growth opportunities. Market penetration, market development, product development, and diversification are the ones that represent the four components of the product/market expansion grid.

A market product grid is also termed an Ansoff Matrix or a product-market type expansion grid which is used as a tool that business firms used for the development of growth strategy. Market product grid is established for considering new as well as existing markets also new and existing products as well as the risks to be encountered in each possible relationship.

The Product Market Expansion Grid consists of four main suggested strategies which include Product Development, Diversification, Market Penetration, and Market Development.

A Market Expansion strategy is a special kind of strategic approach that helps the growth of companies when they are already expanded in their existing channels as far as possible. The primary focus of the strategy is to ensure that all of the particular current markets are fulfilled already and are satisfied with the products as well as the services which are presented for the strategy of market expansion.

Learn to know more about the product market expansion grid on

brainly.com/question/28537126

#SPJ4

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Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n
anzhelika [568]

Answer:

Net cash provided by investing activities $221,100

Explanation:

The computation of the cash flows from investing activities is shown below:

Sale of equipment (65300 - 14000) 51300

Less: Purchase of new truck -89000

Add: Sale of land   198000

Add: Sale of Long-term investments 60800

Net cash provided by investing activities $221,100

4 0
3 years ago
Zipcar wants to evaluate the company's service quality by measuring the area between a customer's expectations of desired servic
4vir4ik [10]
The fact that Zipcar wants to evaluate the company's service quality by measuring the area between a customer's expectations of desired service and the minimum level of acceptable service means that he is using the marketing metric called zone of tolerance.The zone of tolerance is <span>the difference between desired service and the level of service considered adequate”</span>
8 0
3 years ago
A used-car dealer has a vehicle on the lot with a sticker price of $5999. if the dealer markup on used vehicles is 20%, how much
cupoosta [38]
A price markup is an increase in the price the dealer sells that he ensures in order to gain guaranteed profit. If the markup is 20%, this means that he added 20% of what he paid for the car, and used this price for sale. Therefore, we let x be the price the dealer paid for the car.

$5999 = x + 0.2x = 1.2x
x = $4999

Thus, the dealer paid $4999 originally for the car.

5 0
3 years ago
Read 2 more answers
Shout Magazine focuses its marketing efforts on reaching teen-aged girls interested in fashion and celebrity culture. The firm b
Lelechka [254]

Considering the situation described above, Shout utilizes the strategy of <u>Concentrated Marketing.</u>

<u>Concentrated Marketing</u> is a type of Marketing strategy whereby firms or companies direct all endeavors and resources to develop and market a product for a particular target group segment.

Thus, when Shout Magazine focuses its marketing efforts on reaching teenaged girls interested in fashion and celebrity culture, this is a form of <u>Concentrated Marketing.</u>

Concentrated Marketing is often referred to as Niche Marketing, and it is considered more effective in small businesses.

Hence, in this case, it is concluded that the correct answer is "<u>Concentrated Marketing."</u>

Learn more here: brainly.com/question/15418516

4 0
3 years ago
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip
Ann [662]

Answer:

Oct. 1 2019

Rent Expense$4,200 (debit)

Cash $4,200 (credit)

Oct. 3 2019

Advertising Expense $2,670 (debit)

Cash $2,670 (credit)

Oct. 5 2019

Supplies $1,150 (debit)

Cash $1,150 (credit)

Oct. 6 2019

Office Equipment $17,600 (debit)

Accounts Payable $17,600 (credit)

Oct. 10 2019

Cash $5,730 (debit)

Accounts Receivable $5,730 (credit)

Oct. 15 2019

Accounts Payable $1,680 (debit)

Cash $1,680 (credit)

Oct. 27 2019

Miscellaneous Expense $730 (debit)

Cash $730 (credit)

Oct. 30

Utilities Expense $270 (debit)

Cash $270 (debit)

Oct. 31: Fees earned

Trade Receivable $38,200 (debit)

Fees Earned $38,200 (credit)

Oct. 31: Paid bill

Utilities Expense $460 (debit)

Cash $460 (debit)

Oct. 31: Withdrawal

Jason Payne, Capital $2,900 (debit)

Cash $2,900 (credit)

Explanation:

Note

Cash Drawings reduce the owners interest in their capital accounts and at the same time they reduce the assets of cash.

5 0
3 years ago
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