Analyse B & Q’s proposed move into the bike market using Ansoff’s matrix (12 marks) The Ansoff Matrix is a marketing plan that helps a business to decide market and product growth strategy; it looks at the degree of risk and potential for reward from the different strategic options. Using the Ansoff Matrix, the proposal to sell bikes in the existing shops is an example of Product Development, A benefit of this would be that it would help them reach there corporative objective which is Growth
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