For Many Years, Because of the Size of the U

question 68

Multiple Choice

For many years, because of the size of the U.S. economy, domestic companies ignored international markets, preferring instead to develop new product offerings for existing customers. These companies were pursuing a ________________ strategy.

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

---

Definitions:

Confidence Interval

A sequence of values from sample statistics, anticipated to hold the value of an unspecified population attribute.

Surgical Site Infections

Infections that occur after surgery in the part of the body where the surgery took place, posing significant risks to patient recovery.

National Average

The arithmetic mean of a set of values or measurements taken across a nation, often used to describe the general state of a measurable factor like income, education level, or health outcomes.

Margin of Error

The range of values above and below the sample statistic in a confidence interval, often used to indicate the precision of an estimate.