Question
What type of growth strategy would a company be following if it opens new locations in different cities?
(1 point)
Responses
market penetration
market penetration
franchising
franchising
product improvements
product improvements
market expansion
(1 point)
Responses
market penetration
market penetration
franchising
franchising
product improvements
product improvements
market expansion
Answers
GPT-4o mini
The correct response is **market expansion**. Opening new locations in different cities indicates that the company is looking to grow its market presence and reach new customers in those areas.