Which of the Following Is a Strategy of Increasing Sales

question 156

Multiple Choice

Which of the following is a strategy of increasing sales of current products in new markets?

• A)Diversification
• B)Product development
• C)Market share
• D)Market penetration
• E)Market development

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Definitions:

Fixed-price Policy

A pricing strategy where a product or service is sold at a consistent price, regardless of market changes.

Buyers

Entities or groups that acquire products or services for personal consumption, to sell again, or for manufacturing needs.

Real Time

Information technology that processes data as it is received, with very little delay.

One-price Policy

A pricing strategy where a retailer sets a fixed price for all customers, eliminating bargaining or negotiation.