Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Assume starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. Which growth strategy does this​ represent?.

Sagot :

ProfChris1

We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this​ represents is: (d) Market penetration.

What is market penetration?

Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.

The options that complete the question are:

(a) Market development

(b) Divesting

(c) Diversification

(d) Market penetration

(e) Product development

Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.

Learn more about market penetration on https://brainly.com/question/1172265

#SPJ1

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.