Straight Extension of the Product Means

question 85

Multiple Choice

Straight extension of the product means:

• A) introducing the product to the foreign market with major changes to the product.
• B) introducing a customised product to the foreign market with existing marketing strategy.
• C) introducing the product to the foreign market with minor changes to the product.
• D) introducing a customised product to the foreign market with a new marketing strategy.
• E) introducing the product to the foreign market without any changes to the product.

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Definitions:

Perfection By Possession

A legal concept referring to the protection of a security interest in collateral by taking physical possession of it.

Advantages

Positive aspects or benefits associated with a particular situation, product, or service.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a loan.

Bankruptcy Laws

Statutes and regulations governing the process by which individuals or entities who are unable to repay debts to creditors may seek relief and reorganize or liquidate assets.