With High and Stable Growth Rates in Certain Markets,a Firm

question 86

Multiple Choice

With high and stable growth rates in certain markets,a firm will most likely opt for a(n) ________ strategy.

• A)concentration
• B)diversification
• C)positioning
• D)dual pricing
• E)analogy

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Definitions:

3-Sigma

A rule or principle in statistics indicating that nearly all values lie within three standard deviations of the mean in a normal distribution.

R Chart

R Chart, or range chart, is a type of control chart used in statistical process control to monitor the variability of a process based on samples taken from the process at given times.

Process Spread

Process spread refers to the variability within a process, often measured to assess the consistency of output over time.

Monitor

To regularly observe or check something over a period of time for the purpose of keeping track of its state or progress.