A _____ Strategy Concentrates on Finding New Markets for Existing

question 71

Multiple Choice

A _____ strategy concentrates on finding new markets for existing products.

• A) market penetration
• B) market development
• C) product development
• D) product diversification

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Definitions:

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, and others.

Electromagnetic Spectrum

The range of all types of electromagnetic radiation, from gamma rays to radio waves, including visible light.

Gamma Rays

High-frequency electromagnetic waves emitted by atomic nuclei during radioactive decay, possessing high energy capable of penetrating most materials.

Electromagnetic Radiation

A form of energy that is all around us and takes various forms, such as radio waves, microwaves, X-rays, and gamma rays, all traveling at the speed of light.