Which of the Following Indicates the Direction in Which the Organization

question 32

Multiple Choice

 Which of the following indicates the direction in which the organization is moving with respect to its current products and markets? 

• A) Growth vector matrix
• B) Line extension
• C) Market segmentation
• D) Market diversification

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Definitions:

Customers' Needs

The requirements or desires that consumers seek to fulfill through purchasing and using goods or services.

Nonprofit Sector

The part of an economy or society comprised of organizations that aim to provide social good without the incentive of profit.

Pricing

The process of determining the financial cost of a good or service, influenced by factors such as production costs, market demand, and competitive strategies.

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.