In an Effort to Increase Its Total Sales, Champion Has

question 23

Multiple Choice

In an effort to increase its total sales, Champion has started exporting its spark plugs for use by several German auto producers. Champion is pursuing a ______________ opportunity.

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

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Definitions:

Unemployment Spells

Periods of time during which an individual is searching for employment but is unable to find work.

Frictional Unemployment

Temporary unemployment existing in a job market due to time taken by workers to move between jobs, including new or re-entering workers.

Structural Unemployment

Unemployment arising from a persistent mismatch between the skills of workers and the requirements of jobs, often exacerbated by technology or market changes.

Frictional Unemployment

Temporary unemployment experienced by individuals transitioning between jobs, seasons, or moving to new locations.