In General, the Most Appropriate and Effective Product Strategy to Use

question 53

Multiple Choice

In general, the most appropriate and effective product strategy to use in the initial stage of a small business is the _____ product strategy.

• A) one product/one market
• B) one product/multiple markets
• C) multiple products/one market
• D) multiple products/multiple markets

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Definitions:

Lewis Structure

A representation of molecules where symbols for elements are used to represent nuclei and inner-shell electrons, and dots or dashes between symbols represent electron pairs forming covalent bonds.

Ammonia

A colorless gas with a distinct sharp smell, composed of nitrogen and hydrogen (NH3), used as a fertilizer, in cleaning products, and in the synthesis of various chemicals.

Lewis Structure

A representation of molecules showing all the atoms, valence electrons, and bonding between atoms as well as any lone pairs of electrons.

Lewis Structure

A graphical representation illustrating how atoms in a molecule are bonded together and depicting any unpaired electrons present within the molecule.