A _____ Occurs When a Company's Management Decides to Add

question 34

Multiple Choice

A _____ occurs when a company's management decides to add products to an existing product line in order to compete more broadly in the industry.

• A)product line reeling
• B)product line extension
• C)product line classification
• D)product line contraction

---

Definitions:

Values

The principles and beliefs that guide an individual's or society's actions and decisions, often reflecting moral and ethical considerations.

Agriculture

The practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products.

Economic Development

The process of improving economic well-being and quality of life through growth and development, often through government policies and programs.

North America

A continent in the Northern Hemisphere and almost entirely within the Western Hemisphere; it includes countries such as Canada, the United States, and Mexico.