Introducing Newly Developed Products or Services to a Market Segment

question 119

Multiple Choice

Introducing newly developed products or services to a market segment the company is not currently serving is called

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

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Definitions:

Due Date

The specific date by which a task, assignment, payment, or project is to be completed or submitted.

Remittance

A transfer of money by a foreign worker to an individual in his or her home country.

Discount Period

The time frame in which a buyer can pay less than the full amount due, often in return for early payment to the seller.

Complement Rate

Another term for a probabilistic or statistical rate that completes another rate to 100% or a whole when combined.