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Lenrod Company’s Bunsave brand of swimming pool solar heaters had about 55 percent share of a total market that was grow...

Lenrod Company’s Bunsave brand of swimming pool solar heaters had about 55 percent share of a total market that was growing at an annual compound rate of over 20 percent in 2015. The competitors had market share ranging between 10-20%. Therefore, Lenrod was classified as a ______ in the BCG matrix; and for which the strategic prescription for Bunsave brand would be to _______.

A. Dog; Divest Bunsave

B. Star; Invest in promotion to increase market share of Bunsave

C. Question mark; Invest in product line filling to increase Lenrod’s market share

D. Cash Cow; Invest in new products to increase Bunsave market share

E. Star; Invest in product line stretching to increase Lenrod’s market share

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Answer #1

Answer is option E. Since both lenrods market share and growth of market is high. It is a star. It Should invest in product line stretching increase lenrod s market share.

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