One Way a Company Can Benefit from Implementing a Market

question 146

Multiple Choice

One way a company can benefit from implementing a market penetration strategy would be to

• A) sell more products at a lower price in new markets.
• B) sell the same amount of product at a higher price in the same market.
• C) find a new market and sell the product at a much higher price.
• D) alter the product and sell it to a new market.
• E) reduce promotion and distribution costs to improve production efficiencies for the product in reaching new markets.

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Definitions:

Searching

The process of looking for or systematically investigating a subject or area of interest in order to find specific information.

Situational Loss

A type of grief or emotional pain that occurs due to a specific situation or change in circumstances, such as losing a job or divorce.

Life Insurance

A contract between an insurer and an insured, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Funeral Expenses

Costs associated with the burial or cremation and memorial services of a deceased individual.