Which of the Following Regarding the System Design Phase Is

question 9

Multiple Choice

Which of the following regarding the system design phase is correct?

• A)The determination of outputs precedes that of inputs.
• B)The determination of inputs precedes that of outputs.
• C)The determination of inputs and outputs should be conducted simultaneously.
• D)Order is not relevant when determining inputs and outputs.

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Definitions:

Market Penetration

The extent to which a product or service is recognized and bought by customers in a particular market.

Diversification

A strategy of investing in a variety of assets to reduce exposure to any single investment's risk.

Strategic Marketing Process

A systematic approach to planning, executing, and managing marketing efforts to achieve business objectives.

Marketing Mix

A model used to review and manage a business’s marketing strategies, traditionally made up of the four Ps: product, price, place, and promotion.