All of the Following Situations Are Conducive to Market Development

question 38

Multiple Choice

All of the following situations are conducive to market development except

• A)when new untapped or unsaturated markets exist.
• B)when an organization's basic industry is becoming rapidly global in scope.
• C)when an organization is very successful at what it does.
• D)when an organization competes in a high- growth industry.
• E)when an organization has excess production capacity.

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Definitions:

Short-term Memory

A temporary storage system in the brain for holding a small amount of information readily available for a short period of time.

Iconic Memory

A type of visual sensory memory that retains information for a very brief period, often described as the afterimage left by a visual stimulus.

Primacy Effect

A cognitive bias that results in the enhanced recall of items or information presented at the beginning of a list or sequence.

Recency Effect

The tendency to remember the most recently presented information best when recalling a list of items.