Which of the Following Denotes a Growth Direction Through the Increase

question 75

Multiple Choice

 Which of the following denotes a growth direction through the increase in market share for present product markets? 

• A) Market penetration
• B) Diversification
• C) Product development
• D) Benchmarking

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Definitions:

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.

Agricultural Products

Items derived from farming and agriculture, such as crops and livestock.

Living Standards

indicate the wealth, comfort, material goods, and necessities available to a person or society, often used as a measure of economic well-being.

Output Per Capita

The average production of goods and services per person, often used as a measure of a country's standard of living or economic performance.