Question

A situation in which a company is making more sales with its existing products is classified as

Answer 1

1) Market development , 2) Market penetration , 3) Product development , 4) Diversification.

Answer 2

Explanation:

➡️ The Product Market Expansion Grid, also called the Ansoff Matrix, is a tool used to develop business growth strategies by examining the relationship between new and existing products, new and existing markets, and the risk associated with each possible relationship.