Question one
Critically evaluate how international companies can apply and make practical use of the strategic theory and model of ‘Ansoff’s Matrix’ in terms of market penetration, and market development, for ONE of the following products; hand soap or paper towels.
It is usually challenging for international companies to adopt necessary tools that will work with excellent marketing strategy. One of the most common forms of marketing tools is Ansoff’s Matrix. The main aim of the tool is aid the business in determining its products, as well as the market growth strategy. Ansoff’s growth matrix bears suggestions ...