A(n) ________ Strategy Involves Making Additional Versions of a Product

question 61

Multiple Choice

A(n) ________ strategy involves making additional versions of a product so that it will appeal to different clientele.

• A) market penetration
• B) geographic expansion
• C) improving an existing product or service
• D) strategic alliance
• E) product line extension

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Definitions:

Business Reports

Formal documents that provide analysis, data, and recommendations to assist in business decision-making.

Increase

To become larger or greater in size, amount, number, or degree.

Action Items

Specific tasks or activities that need to be completed, often identified during a meeting or discussion.

Report

A detailed written account of a situation, event, or research, often used to convey information or findings.