If the Components in an Organization's Environment Exhibit Minimal Change

question 26

Multiple Choice

If the components in an organization's environment exhibit minimal change, such an environment is said to be ________.

• A) volatile
• B) dynamic
• C) stable
• D) simple

---

Definitions:

Product Development

The complete process of bringing a new product or service to market, from initial concept through design, manufacturing, and launch.

Market Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing strategies.

Prospective Buyers

Individuals or entities showing interest in purchasing a product or service, being considered potential customers by sellers.

Marketing Action

Any strategy or activity undertaken by a company to promote its products or services and achieve its marketing objectives.