A situation in which a company is making more sales with its existing products is classified as
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1) Market development , 2) Market penetration , 3) Product development , 4) Diversification.
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➡️ 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.
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