Canon Began as a Camera-Making Company but Has Since Become

question 92

Multiple Choice

Canon began as a camera-making company but has since become a company that produces a wide range of office equipment in addition to cameras.Canon's managers evidently believe in growth through:

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

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Definitions:

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a business.

Limited Liability

Limited liability is a legal structure where a company's owners are not personally liable for the company's debts or liabilities beyond their initial investment.

Debts

Money owed by one party, the borrower, to a second party, the lender; an obligation to pay back a borrowed sum with interest.