Which of the Following Concentration Strategies Involves Entering a New

question 23

Multiple Choice

Which of the following concentration strategies involves entering a new retail chain to sell an existing product?

• A) Vertical integration
• B) Related diversification
• C) Product development
• D) Market penetration
• E) Market development

---

Definitions:

Solution

A means of solving a problem or dealing with a difficult situation, or a homogeneous mixture of two or more substances.

Mental Images

Mental representations that stand for objects or events and have a picture-like quality.

Physical Objects

Items or things that occupy space and have mass, perceptible through the senses, especially the sense of touch.

Phoneme

The smallest unit of sound in a language that can distinguish meaning between words.