______ Means Moving into Totally Different Lines of Business, Perhaps

question 25

Multiple Choice

______ means moving into totally different lines of business, perhaps entirely unfamiliar products, markets, or even levels in the production-marketing system.

• A) Diversification
• B) Market development
• C) Product development
• D) Differentiation
• E) Market penetration

---

Definitions:

C.P.A.

Stands for Certified Public Accountant, a designation given to someone who has passed the Uniform CPA Examination and met additional state education and experience requirements.

Tax Liability

The total amount of tax owed by an individual, corporation, or other entity to a taxing authority.

Indemnification

The process by which one party agrees to compensate another for any loss or damage that has occurred or may occur.