A ________ Exists When Firms Are Committed to Engage in Several

question 7

Multiple Choice

A ________ exists when firms are committed to engage in several related product-differentiation strategies simultaneously.

• A) policy of substitution
• B) policy of extrapolation
• C) policy of exploration
• D) policy of experimentation

---

Definitions:

Cretaceous Period

A division of Earth’s history lasting from about 145 to 66 million years ago, marked by the dominance of dinosaurs and the appearance of flowering plants.

Gymnosperms

Seed-producing plants such as conifers that do not have flowers or fruit, with seeds often exposed or on the surface of scales or leaves.

Bryophytes

Non-vascular plants that include mosses, liverworts, and hornworts, characterized by their life cycle stages and lack of vascular tissue.

Ferns

A group of non-flowering plants that reproduce via spores and have large, divided leaves known as fronds.