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Sign in c ? Tell me what you want to do AaBbCcC AaBbCCDi AaBbCcDe Re T No Spac.. Heading 1 Heading2 Title Subtitle Subtle Em... Emphasiss al Styles Edi When a company espands in sales and market shares as well as eustomers they are pursuing what kind of OraMD? e B gpowth r C stability e D defensive What is the meaning of SWOT analysis? e A strengths, wealknesses, opportunities and threats of the organization C B Internal streagths and weaknesses and external opportunities and threats Iboth A and B D. r neither A nor B According to Porter's four competitive stratery, offering produets that are unique and of superior value while targeting a narrow market is called what? r Acost leadership stratesy B differentiation strategy r cost focus stratesy D. focused differentiation strategy When a manager makes a decision that is satisfactory and not optimal, they are using which decisian makine model? r Asatisficing model B.incremental model .intuition model c D, rational model Which eulture does Apple and Samsung follow r B adhocracy c C market C. Dihierarchy 10:

Explanation / Answer

The correct answer is option B (growth).

Growth strategy is nothing but the strategy that focus on gaining market share through diversification, product development, market penetration and market development. This will result in increase in customer base and sales. Market development growth strategy is nothing but the strategy where the existing products are sold in new markets. This can be done by marketing products in new geographic market, using new packaging, new distribution channels, or using different pricing for creation of new market segment. New product development strategy is nothing but the strategy to launch new product in the market based on product planning and research, customers' views and preferences, etc. in order to do proper planning and allocation of resources for new product development. Diversification is the process for enlarging the company's operations or varying the product's range. Market-penetration pricing is nothing but strategy where the price that is set low in order to gain market share.

The correct answer is option C.

SWOT analysis refers to identifying the strengths, weaknesses, opportunities and threats of industries. When there are too many competitors in the market, companies perform SWOT analysis to identify their strengths, weaknesses, opportunities and threats so that they can come up with different strategies to give healthy competition in the market. The advantages of SWOT analysis are: -

The correct answer is option D.

Product differentiation is the process of differentiating its products or services that provide unique features which are valued by the customers. Focus is nothing but offering a specialized service in niche market. Focused differentiation firm are those where they offer unique products to a very narrow target market. They give more importance to service.

The correct answer is option A.

Satisficing decision are those which involves meeting the criteria by selecting the adequate solution rather than spending time on best solution. In satisficing decisions, options are reviewed one by one and the first option that satisfy the criterion is selected.

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