Examlex

Solved

A Marketing Strategy That Involves Creating New Goods and Services

question 62

True/False

A marketing strategy that involves creating new goods and services for existing markets is a product development strategy.


Definitions:

Commission

A fee paid to an agent or employee for transacting a sale, calculated as a percentage of the sale price.

Quota

A predetermined limit on the amount of goods that can be imported or produced within a set period.

Mentally Incapacitated

A condition in which a person is unable to make rational decisions or manage their own affairs due to mental deficits or illness.

Agency Relationships

A legal arrangement in which one party (the agent) agrees to act on behalf of another (the principal) in dealings with third parties.

Related Questions