The Nurse Has Worked 11 Years as an RN and Is

question 27

Multiple Choice

The nurse has worked 11 years as an RN and is starting to assume more duties, including cross-training to another unit and representing the unit in various health and job fairs. What stage of the nursing career does this practice portray?

• A) Phase I
• B) Phase II
• C) Phase III
• D) Phase IV
• E) Phase V

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Definitions:

Growth Strategy

A plan for business expansion, which may include entering new markets, launching new products, or increasing market share.

Growth Strategy

A plan of action designed to increase an organization’s market share, revenues, or scale of operations.

Product Development

The process of bringing a new product or service to market, including ideation, design, creation, and marketing stages.

Diversification Strategy

A growth strategy whereby a firm introduces a new product or service to a market segment that it does not currently serve.