Pop Soda Co

question 334

Multiple Choice

Pop Soda Co.wants to increase sales of its existing carbonated drinks by making them more convenient,so it's making the drinks available at more stores in its present areas.This is an example of

• A)market penetration.
• B)differentiation.
• C)product development.
• D)diversification.
• E)market development.

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Definitions:

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a reference for other rates.

Loan Repayment

The process of paying back borrowed money, typically in installments over a set term.

T-Bill

Short-term government debt security with a maturity of less than one year.

Simple Interest

A method of calculating interest where it is applied only to the principal amount, not on the accumulated interest.