Over Time, Firms Change Product Items, Lines, and Mixes or Take

question 86

Multiple Choice

Over time, firms change product items, lines, and mixes or take advantage of new technical or product developments. What is it called when a company changes a product characteristic?

• A)diversification
• B)repositioning
• C)product modification
• D)product line expansion

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Definitions:

Predictor

An element or variable that can be used to forecast or anticipate the outcome of a future event.

Hippocrates

An ancient Greek physician, often referred to as the "Father of Medicine," who significantly contributed to the practice of medicine as a rational science.

Emotional Temperament

The inherent part of an individual's personality that influences their emotional responses and behaviors in various situations.

Humours

Bodily fluids, disturbances of which, according to Hippocrates, resulted in psychological dysfunctioning.