Which of the Following Strategies Refers to Creating New Products

question 55

Multiple Choice

Which of the following strategies refers to creating new products to replace existing ones? 

• A) Market penetration
• B) Product development
• C) Market development
• D) Market diversification

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Definitions:

Child User

A user account on a computer or online service that has restricted permissions and is usually monitored or controlled by a parent or guardian account.

Verification Process

A series of steps taken to confirm the accuracy, authenticity, or compliance of information, people, or processes.

Biometric Device

A device that uses unique biological characteristics, such as fingerprints or iris patterns, for identity verification.

Physical Characteristic

Refers to tangible attributes or features of an object, person, or system that can be observed or measured.