The Main Problem with Use of Conventional Natural Gas as a Transportation

question 10

Multiple Choice

The main problem with use of conventional natural gas as a transportation fuel is

• A)the expensive engine modifications required to convert an automobile for use of natural gas
• B)the fact that it has higher CO2 emissions than gasoline produced from conventional oil
• C)the very low reserves, which could supply U.S. a.needs for less than 25 years
• D)the fact that not many fueling stations exist at present
• E)more than one of these answers

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Definitions:

Product Development

is the complete process of bringing a new product or service to market, from idea generation and design to prototype testing and eventual launch.

Market Development

The strategy of entering new markets or segments to expand the customer base for existing products or services.

Diversification

A strategy of expanding into new markets, products, or services to reduce risk and increase opportunities for growth.

Market Penetration

A quantification of the volume of sales or adoption rate of a product or service as compared to the entire theoretical customer base for that item.