Business Product Classes

question 173

Multiple Choice

Business product classes

• A) are based on where buyers shop for products.
• B) are based on how products will be used.
• C) are based on the buying situation-whether the decision is new task, straight rebuy, or modified rebuy.
• D) are based on whether the price is easy to compare.
• E) None of these alternatives is a good answer.

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Definitions:

Cross-functional Strategy

A collaborative approach where teams from different functional areas of an organization work together to achieve a common goal, promoting innovation and efficiency.

Mission

A mission is a statement or declaration of an organization's core purpose and focus that normally remains unchanged over time, guiding its strategic decisions and direction.

Narrowly Defined Actions

Specific, targeted steps designed to achieve precise objectives.