In bcg matrix the new entry products with tough growth rate are classified as
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The Success sequence of BCG matrix happens when a question mark becomes a Star and finally it becomes a cash cow. This is the best sequence which really gives a boost to the companies profits and growth.
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Answer:
In BCG matrix every new products entering the market with tough growth rate will be placed on the dog quadrant.
Explanation:
Boston Construction group designed BCG matrix in 1970. A product with low market share and low or tough growth rate is considered to be in the dog quadrant. There are totally 4 quadrants namely
- Cash cows - Have greater market share but lower growth rate
- Stars - Have greater market share and higher growth rate
- Question marks - Have lower market share and higher growth rate
- Dogs - Both the market share and growth rate are low.
Note: Refer the attached image of the BCG matrix.
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