If a Maker of Exercise Shirts and Shorts Considered Introducing

question 42

Multiple Choice

If a maker of exercise shirts and shorts considered introducing a line of fitness equipment,the company would be considering ________.

• A)marketing controls
• B)market development
• C)diversification
• D)market penetration
• E)product adaptation

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Definitions:

Price

The amount of money required to purchase a good or service, reflecting its value in economic transactions.

Quantity

Refers to the amount or number of units or items available, produced, or consumed in a given context.

Competition

The rivalry among businesses to attract customers, increase sales, and achieve market dominance.

Self-Interested

Describes individuals or entities that act in their own best interest, aiming to maximize their own benefits and minimize costs.