(GPS watches)brainstorm ideas for product growth using each of the categories in the market matrix.

70.2K

Verified Solution

Question

General Management

(GPS watches)brainstorm ideas for product growth using each of thecategories in the market matrix.

Answer & Explanation Solved by verified expert

4.3 Ratings (595 Votes)

Ideally for product growth or business growth we tend tobrainstorm around two major segments1 New Market OR Current Market2 New Product OR Current ProductNow to analyse the growth strategy for your GPS watches as absiness idea lets consoder below possible growth matrixNow as far as the Idea of GPS Watches isconcerned it could fall in one of the above growth matrixNow lets examine each of the above case and how you can targetto grow your business of GPS WatchesCase 1 Market penetrationConsider your GPS WATCHES is like a current product and you aretrying to sell in currentexisting market If yes MarketPenetration could be best fit hereMarket penetration strategy is the preferred and one of the mostcommon ways of growing your businessHere your focus should be on selling more of See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member