Examlex

Solved

When a Firm Tries to Increase Sales by Offering New

question 306

Multiple Choice

When a firm tries to increase sales by offering new or improved products to its present markets, this is called:


Definitions:

Louis Thurstone

A pioneering American psychologist known for his contributions to psychometrics and the theory of intelligence.

Robert Sternberg

A psychologist known for his theory on the triarchic theory of intelligence, which describes three distinct types of intelligence: analytical, creative, and practical.

Means-End Analysis

A problem-solving strategy that involves identifying the goal, determining the obstacles in the way, and taking steps to overcome them.

Overextension

In language acquisition, overextension is when a child applies a word too broadly, beyond its typical use, reflecting the developmental stage of understanding categories.

Related Questions