All of the Following Are Options That Might Be Followed

question 89

Multiple Choice

All of the following are options that might be followed if the firm wished to lower its export price on a product EXCEPT:

• A) rearrange the distribution channel.
• B) eliminate costly features (or make them optional).
• C) downsize the product.
• D) expand the warranty categories to give incentive for higher quality.
• E) assemble or manufacture the product in foreign markets.

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Definitions:

Skunk Workers

Employees who work on special, innovative projects within a company, often in small, autonomous, and secretive groups to encourage creativity and rapid development.

Intrapreneurship

Process of promoting innovation within the structure of an existing organization.

Classic Entrepreneurship

Classic entrepreneurship refers to the traditional model of starting and managing a business to offer unique products or services and achieve profit and growth.

Entrepreneurs

Individuals who start and manage businesses, taking on financial risks in the hope of profit.