Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Ansoff Matrix is an important framework for sales growth because it emphasizes that: due to the high cost of acquiring customers, it is always

The Ansoff Matrix is an important framework for sales growth because it emphasizes that:

due to the high cost of acquiring customers, it is always easier to grow a business in the short term by selling more of something to an existing customer through market penetration.

due to the low cost of acquiring customers, it is always easier to grow a business in the short term by selling more of something new to a new customer through diversification.

due to the low cost of acquiring customers, it is always easier to grow a business in the by selling more of something existing to a new customer through market development.

Product development is the only viable option for sales growth for a company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

What is adverse impact? How can it be proved?

Answered: 1 week ago