Ansoff matrix
What Ansoff matrix means in Business A-Level, as defined for AQA.
Definition of Ansoff matrix
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Reference: AQA
Sorts growth options by how far each takes the firm from what it already knows, pairing existing and new products with existing and new markets.
Topics that use Ansoff matrix
Related terms
- corporate objectives
- diversification
- market development
- risk appetite
- strategic direction
- market penetration
Using Ansoff matrix in the exam
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