One Way to Extend the Product Is by ___________

question 123

Multiple Choice

One way to extend the product is by ___________.

• A) Creating additions to existing product lines
• B) Creating new names for the same product
• C) Repositioning the product
• D) Introducing the product to a new market
• E) Encouraging repeat purchase

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Definitions:

Total Costs

The complete amount of expenses incurred by a business to produce, market, and sell a product or service, including fixed and variable costs.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums.

Sales Commissions

Financial compensation awarded to sales personnel for meeting or exceeding sales targets, often a percentage of the sales they generate.

Materials

The physical substances or components needed to create a product or to carry out a service or process.