Which Business Strategy Is Followed by a Business That Attempts

question 24

Multiple Choice

Which business strategy is followed by a business that attempts to maintain a strong position in its core product market but also seeks to expand into new-usually closely related-product markets?

• A)prospector strategy
• B)analyser strategy
• C)low-cost defender strategy
• D)reactor strategy

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Definitions:

Engagement Process

The series of actions involved in capturing attention, establishing connections, and maintaining involvement between individuals or groups.

Attending Skills

Attending skills are the abilities to be fully present and attentive to the speaker, demonstrating interest and understanding through verbal and nonverbal communication.

Rathus Assertiveness Schedule

A psychological assessment tool designed to evaluate an individual's level of assertiveness.

Assertiveness/Nonassertiveness Scale

A measurement tool used to assess an individual's tendencies toward assertive and nonassertive behavior in communication and interaction.