A Business Strategy Achieves a Specific Set of Goals, Including__________

question 328

Multiple Choice

A business strategy achieves a specific set of goals, including__________.

• A)developing new products or services, and attracting new competition
• B)increasing costs, and attracting new competition
• C)attracting new customers, and developing new products or services
• D)All of these are correct.

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Definitions:

Product Class

Product class pertains to the category or grouping of products based on similar characteristics, uses, or intended customers.

Competitors

Companies or entities that offer similar products or services in the same market, vying for the same customer base.

Generic Demand

The overall demand for a category of products or services rather than for a specific brand.

Cotton Incorporated

An organization that aims to increase the demand for and profitability of cotton through research and promotion.