Which Is the Best Example of Specialization

question 51

Multiple Choice

Which is the best example of specialization?

• A) A high school math teacher who teaches only calculus.
• B) A firm that produces both luggage and cooking oil.
• C) A person whose job includes accounting, personnel and maintenance tasks.
• D) A high school math teacher who teaches algebra and calculus.

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Definitions:

Dual Adaptation Strategy

A marketing approach where both the product and the marketing messages are adapted to suit the needs and preferences of different market segments or regions.

Product Extension Strategy

A marketing strategy in which a company introduces additional items in the same product category under the same brand name, such as new flavors, forms, colors, added ingredients, or package sizes.

Transnational Trade Groups

International organizations composed of various countries that aim to promote and facilitate trade and economic cooperation among member nations.

Trade Agreements

Bilateral or multilateral agreements between countries that regulate tariffs, import quotas, and other trade restrictions to foster economic cooperation.