Which of the Following Strategies Refers to Creating New Products

question 69

Multiple Choice

Which of the following strategies refers to creating new products to replace existing ones?

• A)Market penetration
• B)Product development
• C)Market development
• D)Product repositioning

Able to compute contribution margin ratio and understand its significance.

Compute the margin of safety in dollars and understand its importance for business stability.

Understand the concept of sales mix and its impact on break-even analysis.

Calculate the target after-tax net income and understand the impact of income taxes on financial planning.

---

Definitions:

Large

Of considerable or relatively great size, extent, capacity, or quantity.

Randomly Chosen Groups

Groups formed without any predetermined pattern, often used in experimental designs to ensure objectivity.

Confounding Variable

An external factor in a study that could influence or mix up the results, making it hard to draw clear conclusions.

Wearing T-Shirts

The act of putting on shirts made of a lightweight fabric, typically short-sleeved and collarless, as a form of casual wear.