Ansoff Matrix or Product/Market Expansion Grid

A phone company opens stores in a new country to sell its current models. This is:

Market penetration focuses on increasing market share in an existing market.

What does the Ansoff Matrix help businesses decide?

Product development involves entering a new market with an existing product.

If a clothing brand begins selling sports equipment in another country, it is using:

Which of the following is considered the riskiest Ansoff strategy?

A bakery starts selling gluten-free bread to its current customer base. This is:

Which quadrant involves both new products and new markets?

Which strategy involves selling more of the same product to the same market?

Launching a new smoothie product to your existing customers is an example of: