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What two metrics are used in the Boston Consulting Group (BCG) portfolio analysis to evaluate the various products of a firm? Multiple Choice Market share and profit potential Relative market share and profit potential Production costs and profit potential Relative market share and market growth rate Market growth rate and strength of product

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Answer:

The two metrics are used in the Boston Consulting Group (BCG) portfolio analysis to evaluate the various products of a firm is market share and market growth rate

Step-by-step explanation:

The Boston Consulting group's product portfolio matrix (BCG matrix) is designed to help with long-term strategic planning, to help a business consider growth opportunities by reviewing its portfolio of products to decide where to invest, to discontinue or develop products.

It uses graphical representations of a company’s products and services in an effort to help the company decide what it should keep, sell, or invest more in.

The matrix plots a company’s offerings in a four-square matrix, with the y-axis representing the rate of market growth and the x-axis representing market share.

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