When Nordstrom Department Stores Launched a Website to Sell Its

question 57

Multiple Choice

When Nordstrom department stores launched a website to sell its merchandise to its present customers; it took advantage of a ________ opportunity.

• A) diversification
• B) market format investment
• C) market expansion
• D) market penetration
• E) retail format development

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Definitions:

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed annually, influencing borrowing, lending, and investment activities.

Saving and Investment

Refers to the act of setting aside a portion of current income for future use and allocating funds into ventures or assets expected to yield future returns.

Total Output

The total quantity of goods and services produced within an economy at a given overall price level and within a specified period.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.