In Terms of the GE Grid,this Is a Determinant of Business

question 50

Multiple Choice

In terms of the GE grid,this is a determinant of business strength.

• A) Company's image
• B) Social environment
• C) Diversity
• D) Competitive structure change
• E) Technology change

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Definitions:

New-product Development

The process of designing, creating, and bringing a new product to market to meet consumer demand or exploit a new opportunity.

Generate Sales

The act of creating revenue through the selling of goods or services to customers.

Defective

Refers to a flaw or imperfection in a product that impairs its usability for the purpose for which it was designed or manufactured.

Revamped Product

A product that has new packaging, different features, and updated designs and functions.