The US-Based Company Wal-Mart, the World's Largest Retailer, Has Successfully Launched

question 144

Short Answer

The U.S.-based company Wal-Mart, the world's largest retailer, has successfully launched its stores in Mexico, Canada, the U.K., and Germany, and other nations.This is an example of how Wal-Mart is pursuing ________ as a growth strategy.
market penetration
product development
demographic market development
geographical market development
diversification

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Definitions:

Economic Losses

The decrease in wealth or resources experienced by an individual, organization, or country, typically measured by cost incurred that are not offset by gains.

Value of Resources

The worth placed on natural, human, and capital assets based on their utility in producing goods and services.

Long Run

A period of time in economic analysis where all factors of production and costs are variable, allowing for full adjustment to change.

Average Cost Curve

A graphical representation that shows the cost per unit of output at different levels of production.