Nike Offers a New Version of a Running Shoe to an Established

question 175

Multiple Choice

Nike offers a new version of a running shoe to an established shoe market; this product strategy is known as:

• A)market penetration
• B)market development
• C)product development
• D)diversification

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Definitions:

LEO

Stands for Low Earth Orbit, which is an orbit relatively close to Earth's surface where satellites can provide communication or remote sensing services.

MEO

Medium Earth Orbit, a designation for the orbit of satellites that reside in an orbit roughly between 2,000 and 35,786 kilometers above the Earth's surface.

Calibrated Instrument

A calibrated instrument is a device that has been tested and adjusted to ensure its accuracy and reliability in measurement, according to specified standards.

Federally Issued

Documents, currency, regulations or identification that are produced or sanctioned by the central government of a country.