To Improve Its Profits, Delta Tool Corp

question 89

Multiple Choice

To improve its profits, Delta Tool Corp. has redesigned its entire line of rechargeable power drills--adding several new or improved features and three new models. Apparently, Delta Tool is pursuing a ______________ opportunity.

• A) combiner
• B) market development
• C) product development
• D) diversification
• E) market penetration

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Definitions:

Statistically

Relating to, or based on, the principles of statistics, often implying the utilization of quantitative data to draw conclusions.

Correlational Techniques

Statistical methods used to determine if a relationship exists between two or more variables, without necessarily implying causation.

.01 Level

A statistical significance level indicating that the probability of the observed results occurring by chance is less than 1%.

Visually

Relating to seeing or sight, often involving the ability to interpret and understand information presented in a visual form.