To Compete in the Fast-Growing Hybrid Segment, Honda Introduced the Civic

question 54

Multiple Choice

To compete in the fast-growing hybrid segment, Honda introduced the Civic Hybrid with unique styling and great fuel economy. The Civic Hybrid was based on the traditional Honda Civic. Which product development strategy has Honda implemented?

• A) repositioning
• B) new product line
• C) product innovation
• D) product improvement
• E) product line extension

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Definitions:

Conditional Labor Demand

The demand for labor by employers, which is contingent upon certain conditions, such as wage rates or economic environment.

Capital

Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Labor

The effort by humans to produce goods or provide services in the economy, often measured in terms of hours worked or output produced.

Metal Alloy

A mixture of two or more elements, where at least one is a metal, created to enhance properties such as strength, durability, or resistance to corrosion.