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Ansoff matrix is a fundamental framework in Business Studies. It is taught in all top-ranking Business schools, which has a meaningful contribution to the curriculum. Basically, the framework helps business analysts visualize the levels that management can pull to favor growth opportunities. By placing products and markets on the X and Y axis respectively, the graph helps calculate many factors.
By forming a calculative framework, the Ansoff matrix evaluates many important business factors:
- Market penetration
- Product development
- Market development
- Product diversification
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