The Basis of Entering a New Industry at the Introduction

question 14

Multiple Choice

The basis of entering a new industry at the Introduction phase is

• A)effective product innovation.
• B)effective process innovation.
• C)effective promotional material.
• D)effective sales people.

---

Definitions:

Budgeting Formulas

Mathematical expressions or guidelines used in the process of preparing budgets to estimate revenues, expenses, and net income.

Revenue

The total amount of money generated by a company from its activities, such as sales of goods or services, before any expenses are subtracted.

Customers Served

The number of clients or customers a business has provided products or services to within a specific time period.

Flexible Budget

A budget that adjusts or flexes with changes in volumes or activity levels, allowing for more accurate budgeting and performance evaluation.