Elysian Events,a Wedding Planning Company,noted How Many Couples Had a Wedding

question 30

Multiple Choice

Elysian Events,a wedding planning company,noted how many couples had a wedding catastrophe of some kind.As a result,it abandoned wedding planning and began offering wedding insurance to protect couples from financial losses due to weather emergencies,stolen wedding rings,damaged wedding dresses,etc.Elysian Events is using a _____ growth strategy.

• A) Share building
• B) Market development
• C) Service development
• D) Diversification
• E) Market integration

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Definitions:

Mortgage

A legal agreement where property is used as security for a loan, with the condition that the conveyance of title becomes void upon repayment of the loan.

Consideration

Something of value which is given by each party to a contract that induces them to enter into the agreement to exchange mutual performances.

HTC Smartphone

A line of smartphones produced by HTC Corporation, known for its innovation in mobile technology and design.

Recession

A significant decline in economic activity across the economy, lasting longer than a few months, often visible in GDP, real income, employment, and other indicators.