Which of the Following Strategies Involves Offering Products That Are

question 100

Multiple Choice

Which of the following strategies involves offering products that are unrelated to other existing products produced by the organization?

• A)Market-penetration
• B)Product-development
• C)Market-development
• D)Diversification
• E)Downsizing

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Definitions:

Voice Mechanism

Communication by workers through their union to resolve grievances with an employer.

Worker Turnover

The rate at which employees leave a workforce and are replaced by new personnel.

Capital

Human-made resources (buildings, machinery, and equipment) used to produce goods and services; goods that do not directly satisfy human wants; also called capital goods. One of the four economic resources.

Featherbedding

A labor practice where unions require employers to hire more workers than are necessary, typically to protect or create jobs.