A Beer Distributor, Concerned About Increasing Regulation of Alcoholic Beverages

question 260

Multiple Choice

A beer distributor, concerned about increasing regulation of alcoholic beverages, decides to start a new business distributing children's toys. This company seems to be pursuing

• A) market development.
• B) diversification.
• C) product development.
• D) market penetration.
• E) None of the above.

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Definitions:

Employee Performance

The extent to which an employee meets or exceeds the expectations and objectives of their job role.

Survey Feedback

A method used in organizational development, where information is collected through questionnaires and shared with the participants to facilitate improvement and change.

TQM

Total Quality Management, a management approach focused on continuous improvement in all aspects of an organization, emphasizing quality in every operation.

Reengineering

involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.