https://padlet.com/l_carson_wso/6hq1g2l8zkdt Connection activity en-us 2017-10-25 07:24:31 UTC 2017-11-08 05:27:07 UTC hello@padlet.com https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675325 Red:  1product  2 price 
3 promotions 4 place

Blue: The ansoffs matrix is  a strategic planning that helps firms analyse the market growth for a product.     
 
Green: They weill need to use the product life cycle. So when their product reaches maturity or decline they will need to use one of the ansoffs matrix strategies
 ]]> 2017-11-08 05:16:13 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675325 i11 https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675329 The marketing mix:
1) Price
2) Place
3) Promotion
4) Product

Ansoff Matrix:
The Ansoff matrix is a tool thats used for determining what product strategies and planning are suitable for a certain product to supplement its growth.

How does a company decide if a product needs extension strategies:
The company decides if a product needs extension strategies by checking the product life cycle to evaluate the current lifespan of the product, if it reaches the point where it begins to go into decline they begin to use one of the ansoff matrix strategies to keep the product away from declining.]]> 2017-11-08 05:16:15 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675329 johanvjaarsveld https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675340 1) Product, Price , Promotion, Place

2) The Ansoff's matrix is what companies use as a growth Strategy.
It involves either getting into a new market or developing a new or old product.

3) One way of knowing that a product needs a extension strategy is looking at the sales of a product ( is it in decline?) or the profits of the company]]> 2017-11-08 05:16:22 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675340 https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675351 1) Product, Price, Promotion, Place

2) Ansoff's Matrix is a useful tool for examining a company's product range.
The four main options: Market penetration, Product development, Market development, Diversification

3) They need to check the product life cycle and change the product .]]> 2017-11-08 05:16:29 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675351 https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675363 1. Product, Price, Promotion, Place.
2. Ansoff's Matrix is a product growth/development matrix/chart that is suggest' that a business's attempts to grow depend on whether it it markets new or existing products in new or existing markets.
3.  Re-Packaging, Discounting, Re-Branding, Expanding Abroad/Overseas. These strategies come into place mostly when the sales of a product drop. This is when most companies introduce newer products in order to keep the sales rising in other words, flowing at a safe place. Introducing a new product is arguably the most sensible extension strategy a company can use to keep the sales flowing/rising rather than flowing. Introducing a new product has the customers buying more of the new product. The sales for the old product will drop heavily but the sales for the new product, if it rises, will compensate for that loss.]]> 2017-11-08 05:16:36 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675363 https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675491 1) Price, Product,Promotion,Place

2) The Ansoff matrix is used for is an strategy when the organisation has an existing product with a known market but  the product would need to grow.

3) The product life cycle would be used for this because, a company would see if they are growing or the business is starting to decline. Furthermore, a other businesses would look at that business and see if they are making any profits. ]]> 2017-11-08 05:17:24 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675491 https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675494 Product, Price, Place, Promotion

Ansoff's matrix is a tool which helps you see the growth strategies for your organisation.

They can decide by using the product life cycle after the product reaches the maturity/decline stage. The company will probably use the extension strategy when the sales of their products starts to go down. ]]> 2017-11-08 05:17:26 UTC https://padlet.com/l_carson_wso/6hq1g2l8zkdt/wish/204675494