Creating New Products for New Markets Is Called ________

question 17

Multiple Choice

Creating new products for new markets is called ________.

• A) market penetration
• B) vertical integration
• C) diversification
• D) horizontal integration
• E) decentralization

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Definitions:

Mass Behavior

The collective behavior of people in a society, including trends, fads, public opinions, mobs, and mass panic, often studied to understand social dynamics and influences.

Milling Process

A machining process that involves the cutting and removal of material from a workpiece using rotating cutting tools.

Emergent Norm

Emergent norms refer to behaviors that develop in response to a new or unusual situation, where traditional norms do not apply, and guide participants' actions within the context of that situation.

Technological Determinism

A theory of social change that assumes changes in technology drive changes in society, rather than vice versa.