A ________ Strategy Involves Making Additional Versions of a Product

question 1

Multiple Choice

A ________ strategy involves making additional versions of a product so that it will appeal to different clientele.

• A) product line extension
• B) geographic expansion
• C) improving an existing product or service
• D) strategic alliance
• E) market penetration

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Definitions:

Manufacturing Overhead Cost

Expenses related to the production process that cannot be directly attributed to individual products, such as factory rent, utilities, and maintenance.

Direct Materials Used

The cost of raw materials that are directly incorporated into a finished product during a specific period.

Direct Labour Costs

Expenses incurred for workers who are directly involved in the manufacturing or production of goods or services.

Cost Of Goods Manufactured

The total cost incurred to produce goods that are completed within a specific accounting period.