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Market Development Business Matrix

Market Development Business Matrix

ighMarket PenetrationDiversificationMarket DevelopmentProduct DevelopmentProduct DevelopmentThe first process is to research the right product for the market and then start the development process.DiversificationIt'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.Market DevelopmentDeveloping 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.Market PenetrationOnce 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 Diagram01020304
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publish time: 2020-10-26
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Here is an example of business matrix for market development, from which it analyzes in 4 aspects, including market penetration, product development, market development and diversification.

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