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Q: Why a firm may want to pursue a market penetration opportunity before pursuing one involving product development?
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What is the role and responsibilities of a Business Development Manager?

- Investigate the economic condition sorrounding your small business activity such as industry trend and competetion. - Market research and continue gathering of information. - Preparing detail planning. - Secure sufficient financial resources for future development and expansion. - Network with small business people; establish support group. - Addopt a team approach; work with team in pursuing common goals.


Quick responsiveness to market changes is least critical for a company?

pursuing a focus strategy


Promoting orange juice not just for breakfast anymore the Florida Orange Growers Association attempted to slimulate?

Assuming the word is "stimulate"...this is a simple example of a market penetration strategy. More specifically, it is a promotional effort with the goal of selling more of an existing product to a current customer. It differs from other strategies since it doesn't require the creation of a new product nor an effort to reach a new group of customers. Market penetration strategies are particularly attractive for a group like the FOGA since it is a consortium unable to create a new product - they are all growers. Market penetration strategies are also cheap opportunities to pursue since they use a product you already make and are designed to reach customers already buying the product. Interestingly, when thinking about opportunities to pursue and the costs involved in each, many companies mistakingly think first about creating new products and/or pursuing new markets BEFORE they have maximized opportunities to sell a current product to a current customer.


What are the possible hindrances to pursuing such a strategy?

One hinderance is the fact that whatever strategy you thought of will be replaced by a better strategy tomorrow.


What type of marketing strategy has MSCSB been pursuing?

MIMOS' mission is to pioneer information and communication technologies (ICT) to grow globally-competitive indigenous industries.

Related questions

What product-mix strategy is Disney pursuing with the development of the new park in HongKong?

product mix


Is pursuing in spmvv or pursuing at is correct?

pursuing in


What exactly is a career development loan?

A career development loan is a loan that you can get that helps you pay for your studies and improve aspects of the career that you are pursuing. You usually have a few years to pay back this loan from the lender.


What is the abbreviation for pursuing?

pursuing


Which IT companies sponsor employees to pursue their MBA?

Big companies like Wipro do sponsor their employees for pursuing MBA as it helps in career development and enhances the skills of employee.


What is your major if you an accountant?

If you are pursuing the career as an accountant, your major would be accounting.If you are pursuing the career as an accountant, your major would be accounting.If you are pursuing the career as an accountant, your major would be accounting.If you are pursuing the career as an accountant, your major would be accounting.If you are pursuing the career as an accountant, your major would be accounting.If you are pursuing the career as an accountant, your major would be accounting.


What is meant by 'pursuing'?

"pursuing" means following or chasing after something or someone.


What is a prosecuter?

The institution and continuance of a criminal suit involving the process of pursuing formal charges against an offender to final judgment source: Webster's dictionary


For child development which one would be better to get my BA or my BS?

A bachelor of science degree is typically going to be more helpful than a bachelor's degree if you're interested in pursuing a career in child development. Career options range from teaching to working in a group home for children.


What does a life of asceticism involve?

A life of asceticism involves the pursuing of religious and spiritual goals. Various religious traditions such as Buddism, Jainism that have practices involving restraint with respect to actions of body, speech, and mind in order to control sensual desires and pleasures.


What are the 2 examples of predation?

Predation is an organism pursuing another organism and examples of that would be, 1. A Cat pursuing (eating) a mouse 2. A Lion pursuing (eating) a Zebra


How did pursuing his studies free Malcolm X?

How did pursuing his studies give Malcolm X a sense of freedom