Scenario -For a children clothing store from age newborn to preteen, That sells children clothing for boys and girls with the following demograhics.

a.Demographics

i.Parents of Newborn to preteen: Parents with a certain degree of social status and higher income looking for premium quality at a premium price. They will use disposable funds to show their financial ability for the image they want to be associated with. Parents of Newborn to parents want to purchase the latest innovative clothing and accessories for the children with some college education or higher, and income from $20,000- $120,000 or higher and has at least1child.

ii.Young to mid-age Professionals: Parents who are18-55-year-old professionals obsessed with trends on sites like Instagram and Pinterest seeking the best products for their kids with the information they have acknowledged from the internet want to purchase the latest and most innovative clothing. They have some college education or higher, and income from $20,000-$120,000 a year and have at least one child. Newborn-Preschoolers.

Please answer the following

1.What is a growth plan for the above example?

2.What are some Strategies for market penetration?

3.What are some strategies for product development?

4.What are some Strategies for diversification?

5.What are some Strategies for market development ?