Emphasize Both New Products and New Markets to Achieve Growth

question 72

Multiple Choice

emphasize both new products and new markets to achieve growth.

• A)Strategic plans
• B)Operational plans
• C)Monopolies
• D)Diversification strategies
• E)Market penetration strategies

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Definitions:

Business Processes

Sets of activities and tasks that organizations use to develop, deliver, and manage products or services efficiently.

Resistance To Change

Refers to the opposition or reluctance of individuals or groups to alter their behaviors, processes, or structures.

Fostering Change

The act of encouraging or promoting adaptations or transformations within an organization, community, or individual's behavior and practices.

Employee Empowerment

A management philosophy that emphasizes giving employees the autonomy, resources, and skills to make decisions within their areas of responsibility.