Retrenching and Concentrating on a Single Industry Is an Example

question 44

True/False

Retrenching and concentrating on a single industry is an example of a corporate-level strategy.

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Definitions:

Noncompetitive Products

Products that do not directly compete against each other in the marketplace, often serving different needs or market segments.

Orphan Prospect Club

This refers to a program or strategy in sales where potential clients who have been neglected or inadequately serviced by a salesperson are reassigned or given attention, aiming to convert them into active customers.

Teleprospecting

The practice of making telephone calls to potential customers to identify prospects, generate leads, and qualify sales opportunities.

Telecommunication Technology

The hardware and software technologies used to transmit information over distances through electronic means, including telephone, radio, and internet.