Seeking Products or Services That Have Been Successful in One

question 24

Multiple Choice

Seeking products or services that have been successful in one market and introducing the same basic product or service in another segment of the market is referred to as ________ new entry.

• A) adaptive
• B) imitative
• C) proactive
• D) pioneering

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Definitions:

Triglycerides

A type of fat found in the blood, derived from the food we eat, used for energy or stored for future use.

Temperature Homeostasis

The physiological process that regulates the body temperature within a narrow range despite external temperature changes.

Completely Inelastic

A situation in which the demand or supply for a product does not change in response to changes in price.

Inelastic

Refers to a circumstance in which the demand or supply of a product or service is largely unaffected by price fluctuations.