If a Business Extends a Janitorial Cleanser from the Industrial

question 124

True/False

If a business extends a janitorial cleanser from the industrial market to reach the home market, it is following a one product/multiple markets strategy.

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Definitions:

High Reliability

Refers to organizations or systems that operate in complex, high-hazard domains for extended periods without serious accidents or catastrophic failures.

Fairly Good Validity

A term describing a measure that accurately reflects the concept it is intended to assess, but with room for improvement.

Cognitive Skills

Mental abilities involved in learning, thinking, reasoning, problem-solving, and decision-making.

Cognitive Ability Test

A type of assessment designed to measure an individual's mental capacity, including skills such as problem-solving, memory, and reasoning.