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Market Development Matrix

Market Development Matrix

Title

Title

Topic

Topic

Title

Title

PRODUCT DEVELOPMENT

DIVERSIFICATION

MARKET DEVELOPMENT

MARKET PENETRATION

PRODUCT DEVELOPMENT

DIVERSIFICATION

MARKET DEVELOPMENT

MARKET PENETRATION

The first process is to research the right product for the market and then start the development process.

It's always a best policy to not put all the eggs in one bucket. When working on a business model, the best process is diversification of all the resources.

Developing the market is a slow process but if the product is good and customer's response is on the positive end of the spectrum then the growth is guaranteed.

Once a business has a product, an understanding of the market, and have all the resources placed in the right place then the business can penetrate any market.

Market Development Matrix

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publish time: 2020-09-15
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A matrix diagram is a project management tool that can compare and identify relationships between various sets of data. They are pictorial data sets that simplify complex relationships between programs and functions. Plus, it is easier to make a matrix diagram in EdrawMax!

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