A Company Can Increase Its Business in Four Ways

question 74

Multiple Choice

A company can increase its business in four ways.Which is NOT one of these ways?

• A)It can add new product lines,thus widening its product mix.
• B)It can lengthen its existing product lines.
• C)It can add more versions of each product and thus deepen its product mix.
• D)It can discontinue some of its lines.
• E)It can increase the consistency of its product mix.

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Definitions:

Labor Surplus

A situation in which the supply of workers exceeds the demand for their services, often leading to unemployment and lower wages.

Economic Depression

A long-term downturn in economic activity characterized by high unemployment, low consumer spending, and business failures.

Pre-Industrial Artisan

A skilled craftsperson who manually produces goods or provides services, traditionally working within a small-scale, labor-intensive process prior to industrialization.

New England Farm Daughters

Refers to young women who lived and worked on farms in the New England region of the United States, particularly significant during the 18th and 19th centuries for their role in the agricultural economy.