Improving or Revising Existing Products,additions to Existing Product Lines and Cost

question 4

Multiple Choice

Improving or revising existing products,additions to existing product lines and cost reductions aim at achieving which of the following objectives?

• A)capitalising on distribution strengths
• B)maintaining position as a product innovator
• C)exploiting technology in a new way
• D)defending a current market-share position

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Definitions:

Social Media

Digital platforms that enable users to create, share, or exchange information, ideas, and media in virtual communities.

Cyberloafing

Describes the act of using the internet for non-work-related activities during working hours, leading to productivity loss.

Communication Medium

The channel or method through which communication occurs between sender and receiver, such as email, phone, or face-to-face interactions.

Social Media

Digital platforms that facilitate the creation and sharing of information, ideas, and other forms of expression via virtual communities and networks.