Product / Market Growth Matrix Market Penetration In this situation, the company try to boost their sales by offering extra discounts, sales offers, promotion activities and designing their stores. Basically, they offer the sames products to the same type of market / consumer. Example, Starbucks redesign its store layout widely in 2008 to boost their sales. Another example would be Wind Turbine Manufacturing firm in Canada successfully reduce their demand shortfall by implementing market penetration strategy. More info 2. Product Development strategy Company try to increase their prouct offering range more wider in their existing market. Therefore, company comes out with new product for their existing market. By this the company not only able to wider their product range but also...
Guide readers and investors to evaluate and understand trending company's performance, expantancy, opportunity and so on.