____________ Occurs When a Company Leverages Its Existing Expertise (Technical

question 61

Multiple Choice

____________ occurs when a company leverages its existing expertise (technical product experience or supply chain) to create new products for existing or new markets.

• A) Market expansion
• B) Product expansion
• C) Product usage
• D) Indirect competition
• E) Direct competition

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Definitions:

Conditional Estate

An interest in property that is dependent on the occurrence or non-occurrence of a specified condition.

Life Estate

A legal right to use and derive benefit from property for the duration of one's life, without ownership transferring until after death.

Mineral Rights

The legal rights to exploit and use minerals found beneath the surface of a parcel of land, which can be separated from the land's surface rights.

Water Rights

The legally granted permission to use water from a river, stream, or other body for designated purposes.