1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hichkok12 [17]
2 years ago
11

In terms of basic Marketing, what are the four strategies for growth?

Social Studies
1 answer:
Komok [63]2 years ago
8 0

Answer:

The value of each business increases when there is growth in a business but this only happens when appropriate strategies are implemented.

There are four common growth strategies known as diversification,market penetration ,market expansion and product development.

Explanation:

Diversification

This is the far reaching strategy of growth in which the business makes a brand new product for a new market.

It has high level of uncertainty which makes it much risky that other strategies.There is a high chance of not succeeding however the benefits are to high if it succeeds.

Market penetration

In this strategy no new product is made or new market reached but the marketing of the oginal existing product is intensified.

This involves product or service discounts in order to attract more customers .

Creating loyalty card to offer discounts to loyal customers.

Market expansion development

A new market area is used to get the existing products and services to the customers for example moving a business to another town or another country in order to reach out more customers who may not be familiar with these products and services.

The business can also form partnership with another business which also uses the product that they sell for example a bakery shop may partner with a bread and breakfast business to produce bread for them this expands the market for the business.

Product development

This means introducing another product to sell within the same business like a business that sells ice cream at the beach may also start introducing sun screens as another product that they sell. They still going to sell these to the same customers without trying a new market.

You might be interested in
Which offers the BEST explanation for Georgia's relocation of its capital from Augusta to Louisville in 1796?
lara [203]
The correct answer is B
4 0
3 years ago
Read 2 more answers
write a letter to social organizations of your district requesting them to conduct various programs which will help to control t
-Dominant- [34]

Answer:

okkk what is your position in the letter????

Explanation:

are a student or the head of the community district???

3 0
2 years ago
Please help!!! George Crum: Inventor.You may love crunchy, salty potato chips. But do you know who first made them? A man named
Thepotemich [5.8K]

Answer:

The fine details surrounding the invention of one of the United States' favorite snack foods are somewhat hazy. There are several different claims on how the potato chip was invented, but some evidence shows a man named George Crum, a cook and restaurateur was said to have come up with the idea for the tasty crisp.  

Born by the name of George Speck in 1824 in Saratoga Lake, New York, Crum was the son of an African American father and Native American mother, a member of the Huron tribe. He professionally adopted the name "Crum," as it was the name his father used in his career as a jockey. As a young man, Crum worked as a guide in the Adirondack Mountains and as an Indian trader. Eventually, he came to realize that he possessed exceptional talent in the culinary arts.

Explanation:

The fine details surrounding the invention of one of the United States' favorite snack foods are somewhat hazy. There are several different claims on how the potato chip was invented, but some evidence shows a man named George Crum, a cook and restaurateur was said to have come up with the idea for the tasty crisp.  

Born by the name of George Speck in 1824 in Saratoga Lake, New York, Crum was the son of an African American father and Native American mother, a member of the Huron tribe. He professionally adopted the name "Crum," as it was the name his father used in his career as a jockey. As a young man, Crum worked as a guide in the Adirondack Mountains and as an Indian trader. Eventually, he came to realize that he possessed exceptional talent in the culinary arts.

8 0
3 years ago
Freida's mother suffers from frequent panic attacks. the doctor has prescribed nembutal (a depressant drug that reduces anxiety
Korvikt [17]

The answer is Tranquilizer.

Nembutal is a barbiturate which is a sedative, barbiturates are non-selective central nervous system depressants. It is lethal in high doses. A tranquilizer/sedative is a sleeping pill but are also used as an anti-anxiety drug as they have calming effects on patients, however taken in high doses can result in accidental/purposeful death.

5 0
3 years ago
The medical model as presented by the dsm-5 states that
galina1969 [7]
.................YEA......................
5 0
2 years ago
Other questions:
  • A(n) ______________ provides essential planning guidance and directs the initiation of execution planning after the President or
    8·1 answer
  • Plz answer the question is on the picture
    7·1 answer
  • The systematic study of human society and social institutions is known as
    5·1 answer
  • Self-observation involves which of the following?
    12·2 answers
  • Which of the following can be expected to occur as climate change continues on earth?
    9·2 answers
  • Why was The Great Leap Forward created?
    13·2 answers
  • Compare and Contrast Life In Low and High Elevations
    7·1 answer
  • 1)Is English spoken in Brazil and Colombia? 2)Which languages are spoken in Brazilian and Colombian schools and Universities?Is
    10·1 answer
  • Democracy was first practiced in __________.
    7·2 answers
  • In which stage of sleep are you likely to experience hypnagogic sensations of falling?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!