Web Sites to Sell Products Directly to Consumers Are Examples

question 83

Multiple Choice

Web sites to sell products directly to consumers are examples of which type of strategy?

• A) backward integration
• B) product development
• C) forward integration
• D) horizontal integration
• E) conglomerate diversification

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Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Strategic Planning

A systematic process of envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.

Implementing Tactics

Refers to the process of putting strategic plans into action to achieve specific goals.

Functional Areas

Departments or teams within a business that focus on specific functions or activities like marketing, finance, operations, or human resources, contributing to the organization's overall goals.