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5 September, 11:25

Which of the following is an example of a market expansion growth opportunity? Group of answer choices Opening new stores in new geographic markets Displaying merchandise to increase impulse purchases Engaging in cross-selling Opening more stores in the same market Keeping existing stores open for long hours

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  1. 5 September, 13:22
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    Option A Opening new stores in new geographic markets

    Explanation:

    The reason is that market expansion is entering into a new market because the company feels that the revenues in the present market does not reflect any growth or in other words the market is saturated, now the company expands its operations in a new geographical area which is a new market to the company with the same product. So in this scenario, the opening new stores in new geographical market is expansion of operations of company because company feels that the current market is saturated and that the current market at maturity so we must move to a new market.
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Home » Business » Which of the following is an example of a market expansion growth opportunity? Group of answer choices Opening new stores in new geographic markets Displaying merchandise to increase impulse purchases Engaging in cross-selling Opening more stores in
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