What Results When Companies Extend Their Horizons and Identify Opportunities

question 41

Multiple Choice

What results when companies extend their horizons and identify opportunities outside existing product lines?

• A) disconnected product lines
• B) multiple product lines
• C) uniform product lines
• D) universal product lines
• E) tailored product lines

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Definitions:

Jurisdiction

The official power to make legal decisions and judgments, often defined by geographic area or type of case.

Concurrent Jurisdiction

Jurisdiction that exists when two different courts have the power to hear a case. For example, some cases can be heard in either a federal or a state court.

Federal

Federal refers to the national level of government, and the system of government that unites states or provinces within a country under a central authority.

State Court

A court that is established by the laws of a state within the United States, having jurisdiction over matters specific to that state.