Acme Innovations Pty Ltd Has Modified the Production Processes of Its

question 155

Multiple Choice

Acme Innovations Pty Ltd has modified the production processes of its widgets and gadgets in order to tap into the developing Eastern European market.It is likely following a ________ strategy.

• A)market penetration
• B)market development
• C)diversification
• D)harvesting
• E)product development

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Definitions:

Employee Learning

The process through which employees acquire new skills or knowledge, contributing to their personal development and organizational needs.

Job Performance

The effectiveness and efficiency with which an individual completes their assigned tasks and responsibilities in the workplace.

Job Rotation

Moving employees from one job to another to allow them more variety and to learn new skills.

Project Teams

Groups of individuals with different expertise working together towards a common project goal.