Igor Ansoff developed a description of the strategies available for growing in a business in 1957. He have identified for categories for the growth of the business these are Market Penetration, Market Development, Product development and Diversification. Ansoff used these four categories in a matrix to show how the opportunities differ in term of new and existing products and markets.
Marketing Techniques used by ASDA
Market Penetration
What is Market Penetration?
Market Penetration is when increasing market