GreatGadgets, an Internet-Based Marketer of Innovative Gift Items, Decides to Sell

question 259

Multiple Choice

GreatGadgets, an Internet-based marketer of innovative gift items, decides to sell products in its own retail stores--to reach consumers who don't like to buy without first seeing the item in person. This is an example of:

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

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Definitions:

Shareholder's Loan

Money lent to a corporation by its shareholders, which is sometimes considered a part of the equity of the business.

Annual Returns

Financial documents that corporations must file yearly, detailing their operational performance, financial status, and other critical information.

Bankruptcy

A legal process intended for individuals or entities that are unable to repay their outstanding debts, allowing them to be absolved through various means.

Breach Of A Fiduciary Duty

An act that goes against the responsibilities of a fiduciary, who is entrusted to act in the best interest of another.