______ Means Moving into Totally Different Lines of Business, Perhaps

question 25

Multiple Choice

______ means moving into totally different lines of business, perhaps entirely unfamiliar products, markets, or even levels in the production-marketing system.

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

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Definitions:

Biogas Digester

A device or structure that breaks down organic matter anaerobically (without oxygen) to produce biogas, a renewable energy source, and digestate, a nutrient-rich fertilizer.

Production Characteristics

Attributes or features that define the process and output of manufacturing or production activities.

Efficient

The ability to achieve a desired result without wasted energy or resource.

Predictable

Capable of being foreseen or declared in advance, often through observation, experience, or scientific reasoning.