Which of the Following Is an Example of a Product

question 75

Multiple Choice

Which of the following is an example of a product development strategy?

• A) A microprocessor manufacturing firm introduces a new microprocessor chip to replace the older, slower version and markets it in its established markets.
• B) McDuffy's fast food restaurant opens its first overseas restaurant, offering its original menu of pizzas and pastas.
• C) A carpet manufacturer operating in the U.S. introduces in India a new organic stain remover designed to remove even the worst spills.
• D) A beverage manufacturer decides to enter the retail industry by introducing a new range of ethnic wear by capitalizing on the corporate image it has acquired as a beverage manufacturer.

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Definitions:

Selling

The process of persuading someone to buy a product or service, involving communication and negotiation skills.

Path-Goal Contingency Leadership Theory

A theory suggesting that a leader's effectiveness is determined by how well they enhance their followers' performance and satisfaction by offering guidance, support, and motivational incentives.

Clarify the Path

The process of making the steps or route to achieving a goal or task more understandable and less ambiguous.

Contingency Theory of Leadership

A leadership concept suggesting the effectiveness of a leader's style is contingent on the context or environment.