Developing Different Uses for a Product Is an Example of a ________

question 2

Multiple Choice

Developing different uses for a product is an example of a ________ concentration option.

• A) product-market diversification.
• B) market development
• C) product-market exploitation
• D) product development
• E) None of the answer choices is correct.

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Definitions:

Productivity Gains

Increases in output or efficiency, often resulting from improvements in processes, technology, or methods.

Proposed Action

A plan or course of action suggested or put forward for consideration, aimed at resolving a problem or achieving a goal.

Production Manager

A professional responsible for overseeing the production process, managing resources, and ensuring efficient output of products within a manufacturing facility.

Feasibility Report

A report that evaluates a proposed action and shows whether or not it will work.