Ansoff's growth vector matrix is used for

A. analyzing the different strategic directions an organization can pursue

B. analyzing the balance of the portfolio

C. assessing whether the corporate parent is adding value

D. assessing the market share of a business

Answer: Option A

Solution(By Examveda Team)

Ansoff's growth vector matrix is used for analyzing the different strategic directions an organization can pursue. The Ansoff Matrix, also called the Product/Market Expansion Grid, is a tool used by firms to analyze and plan their strategies for growth.