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Diversification can enable a firm to achieve three main objectives: However, in practice, a firm will often implement more than one strategy at the same time. While this may sound straightforward, it can be difficult to clearly delineate a target market since it can be defined very broadly e. The first DVD players appeared shortly after the finalization of the DVD standard in September - and market researchers expect the format to stay with us for another few years. The Ansoff Matrix can help a firm devise a product-market growth strategy by focusing on four growth alternatives:

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