Because Companies Are Likely to Be Most Familiar with Their

question 19

Multiple Choice

Because companies are likely to be most familiar with their own operations, ____________ opportunities are usually the easiest to pursue.

• A) market penetration
• B) product development
• C) market development
• D) diversification
• E) All of these are equally easy.

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Definitions:

Critical Thinking

The goal of critically examining and assessing a matter to reach a conclusion.

Introspection

The examination or observation of one's own mental and emotional processes.

Freudian Psychology

A branch of psychology founded by Sigmund Freud that emphasizes the importance of the unconscious mind, childhood experiences, and dream analysis in understanding human behavior.

Critical Thinking

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information.