If You Were the CEO of a Company That Was

question 27

Multiple Choice

If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ________ strategy first because it is easier to improve an existing business than to build a new one.

• A) market-penetration
• B) market-development
• C) diversification
• D) product-development
• E) exclusive

---

Definitions:

Observations

Data points or values collected during an experiment or survey.

Multiple Coefficient

A broader term potentially indicating coefficients in multiple regression that represent the relationship between explanatory variables and the response variable.

Determination

Often associated with the coefficient of determination (R-squared), it measures the proportion of variance in the dependent variable predictable from the independent variable(s).

Degrees of Freedom

The number of independent values or quantities that can vary in an analysis without breaking any constraints.