Which of the Following Is the Best Example of a New-To-The-World

question 61

Multiple Choice

Which of the following is the best example of a new-to-the-world product?

• A)Tesco,the retail giant,opens new stores in an underdeveloped African country.
• B)Pestorica,a publishing company,decides to launch a new sports magazine.
• C)Tata Motors,an Indian automobile company,acquires Jaguar to extend its business.
• D)An Asian company licenses a U.S.apparel brand name though the brand is not familiar in Asia.
• E)Kids-Med,a company that produces childcare products,launches a non-contact thermometer.

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Definitions:

Clustering

The method of categorizing a collection of items so that those within the same category are more alike to each other than they are to items in different categories.

Preferred Provider Organization

Preferred Provider Organization (PPO) is a type of health insurance plan that offers a network of healthcare providers, allowing policyholders to receive services at a discounted rate.

Health Maintenance Organization

A type of health insurance plan that typically restricts patients to a network of doctors and hospitals in order to control costs.

Exclusive Provider Organization

A managed care plan where services are covered only if you use doctors, specialists, or hospitals in the plan’s network, except in an emergency.