Introducing Newly Developed Products or Services to a Market Segment

question 119

Multiple Choice

Introducing newly developed products or services to a market segment the company is not currently serving is called

• A)product development.
• B)market development.
• C)market penetration.
• D)diversification.
• E)product proliferation.

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Definitions:

Cetacean

Refers to a group of marine mammals that include whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle and large brain size.

Porpoise

A small cetacean of the family Phocoenidae, similar in appearance to a dolphin but with a shorter, rounded snout.

Purple Loosestrife

An invasive plant species with tall spikes of purple flowers, often found in wetlands, affecting native habitats and biodiversity.

Native Vegetation

Plant species that are indigenous to a specific area, having developed naturally without human intervention.