Asked by Benjamin Leonard on May 09, 2024
Verified
Anna decides to add new sales representatives and increase advertising to increase sales in her existing market for her current line of security systems. Anna is pursuing a ________ growth strategy.
A) segment development
B) market development
C) market penetration
D) diversification
E) product development
Market Penetration
A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.
Growth Strategy
Plans developed by an organization to increase its size, revenue, market share, or competitive position.
Security Systems
Systems designed to detect intrusion or unauthorized entry, protect against theft or property damage, and ensure personal safety. These can include alarms, cameras, and monitoring services.
- Comprehend the strategies for market penetration, product development, and diversification for growth.
Verified Answer
Learning Objectives
- Comprehend the strategies for market penetration, product development, and diversification for growth.
Related questions
Marketers Who Design and Offer New Products and Services to ...
Customer Relationship Software Allows Bank Service Representatives to Quickly Determine ...
After Success with Its Netflix Series Jessica Jones and Daredevil ...
Webber Enterprises Sells Its Business Language Dictionary to College Students ...
When Musicians and Their Concert Promoters Offer CDs of a ...