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Name and define the four product/market growth strategies in the product/market expansion grid.
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- Name and describe the four product/market expansion grid strategies?Name and define the four product/market growth strategies in the product/market expansion grid. Provide an example of a company implementing each strategy?What strategies would a firm employ to manage the product roadmap and balance short-term market demands with long-term product vision?
- Discuss why companies should grow their business. Name and explain the four product/market growth strategies. Give an example for each.Illustrate the importance of new Products?Product strategies change at each point of a product life cycle. Describe how each strategy differs between introduction, growth, maturity, and decline.
- Discuss and Understand the reasons behind success or failure of a new product?Give one example of a particular product for growth stage (from Product Life Cycle) and make an explanation why such product is classified in that particular stage.Explain the importance of developing new products and describe the six categories of newproducts