Which of the Following Is Not One of the Three

question 3

Multiple Choice

Which of the following is not one of the three steps in increasing market share, revenue, and profits?

• A) Assess alternative markets.
• B) Evaluate respective costs, benefits, and risks.
• C) Perform a situation analysis.
• D) Select market with most potential for entry or expansion.

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Definitions:

Theory Development

The process of creating and refining concepts and propositions to explain phenomena in a systematic way.

Deduction

is a logical process wherein specific conclusions are drawn from general principles or premises.

Cognitive Dissonance

The psychological unease felt by someone when they simultaneously possess conflicting beliefs, ideas, or values.

Psychological Inconsistency

The state of holding conflicting cognitions (e.g., beliefs, attitudes) simultaneously, which can lead to discomfort and attempts to resolve the contradiction.