Bakery Items,dairy Products,and Meat That Are Sold for Cash in Their

question 63

Multiple Choice

Bakery items,dairy products,and meat that are sold for cash in their original packages are traditionally sold by which type of wholesaler?

• A)rack jobbers
• B)drop shippers
• C)cash and carry wholesalers
• D)truck jobbers
• E)general merchandise wholesalers

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Definitions:

Market Development

Market development is a growth strategy where a business seeks to sell its existing products into new markets to attract additional customers.

Diversification

The process of a business enlarging or varying its range of products or field of operation to reduce risk and increase profit.

Market Penetration

Strategies aimed at increasing the market share of a product or service within existing markets.

Diversification

A strategy to reduce risk by allocating investments or focusing efforts across various financial instruments, industries, or other categories.