Asked by Benjamin Leonard on May 09, 2024

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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.
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OE
Olivia EasonMay 12, 2024
Final Answer :
C
Explanation :
Market penetration refers to strategies that involve increasing sales to existing customers in existing markets, which is exactly what Anna is doing by adding new sales representatives and increasing advertising. Segment development, market development, and product development all involve expanding into new markets or creating new products, while diversification involves entering an entirely new industry or market.