One Way a Company Can Benefit from Implementing a Market

question 146

Multiple Choice

One way a company can benefit from implementing a market penetration strategy would be to

• A) sell more products at a lower price in new markets.
• B) sell the same amount of product at a higher price in the same market.
• C) find a new market and sell the product at a much higher price.
• D) alter the product and sell it to a new market.
• E) reduce promotion and distribution costs to improve production efficiencies for the product in reaching new markets.

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Definitions:

Strong Performer

An individual or entity that consistently achieves or exceeds performance expectations in a given area.

Fundamental Attribution Error

A bias in social psychology where people tend to attribute others' actions to their character or personality, while attributing their own behaviors to external factors.

Insider Trading

The illegal activity of trading a public company's stock or other securities by individuals with access to non-public, material information.

Externality

In economics, a cost or benefit resulting from an activity that affects individuals or entities who did not choose to be involved in the situation.