Which of the Following Is a Strategy of Increasing Market

question 70

Multiple Choice

Which of the following is a strategy of increasing market share for present products in existing markets?

• A)market penetration
• B)product development
• C)market development
• D)product penetration

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Definitions:

Products in Process

Items undergoing production but not yet complete, a rephrased term for work in process inventory.

Raw Materials Inventory

Stocks of the basic materials that are used in manufacturing processes to create finished goods, included as part of a company's inventory.

Production Period

The time frame during which goods are manufactured or services are rendered, from the beginning of production to its completion.

Beginning Finished Goods Inventory

The value of a company’s finished goods inventory at the start of an accounting period before any sales or production.