he Grand Strategy Matrix is based on two evaluative dimensions: competitive position and market $($industry$)$ growth. Match the conditions with the appropriate strategy.

Group of answer choices

Rapid market growth and strong competitive position

$[$ Choose $]$Concentrate on current products$/$services and markets$$Related or unrelated diversification$$Determine why the firm's current approach is ineffective and how the company can improve$$Cost and asset reduction $($retrenchment$)$

Rapid market growth and weak competitive position

$[$ Choose $]$Concentrate on current products$/$services and markets$$Related or unrelated diversification$$Determine why the firm's current approach is ineffective and how the company can improve$$Cost and asset reduction $($retrenchment$)$

Slow market growth and weak competitive position

$[$ Choose $]$Concentrate on current products$/$services and markets$$Related or unrelated diversification$$Determine why the firm's current approach is ineffective and how the company can improve$$Cost and asset reduction $($retrenchment$)$

Slow market growth and strong competitive position

$[$ Choose $]$Concentrate on current products$/$services and markets$$Related or unrelated diversification$$Determine why the firm's current approach is ineffective and how the company can improve$$Cost and asset reduction $($retrenchment$)$