A Relatively Recent Concept That Refers to the Movement of New

question 26

Multiple Choice

A relatively recent concept that refers to the movement of new products through existing distribution channels is called ________.

• A) economies of scale
• B) economies of scope
• C) diversification
• D) micromarketing

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Definitions:

Computer Monitors

Display devices used by computers to visually output information such as text, images, and videos.

Opportunity Cost

The consequence of forfeiting potential gains in other options by deciding on one.

Professional Team

A group of individuals with specialized skills and expertise working together in a coordinated manner towards common professional goals.

Opportunity Cost

The cost of missing out on potential benefits from other alternatives when making a choice.