A(n) ________ Strategy Involves Making Additional Versions of a Product

question 61

Multiple Choice

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

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

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Definitions:

Value

The importance, worth, or usefulness of something, often expressed in monetary terms but can also represent sentimental or intrinsic worth.

Sales Tax

A tax levied on the sale of goods and services, typically calculated as a percentage of the purchase price and collected by the retailer.

Corporate Income Tax

A tax imposed on the net income of companies.

Property Tax

Property tax is a levy on property that the owner is required to pay, typically levied by local governments based on the property's assessed value.