One Way a Company Can Benefit from Implementing a Market

question 146

Multiple Choice

One way a company can benefit from implementing a market penetration strategy would be to

• A) sell more products at a lower price in new markets.
• B) sell the same amount of product at a higher price in the same market.
• C) find a new market and sell the product at a much higher price.
• D) alter the product and sell it to a new market.
• E) reduce promotion and distribution costs to improve production efficiencies for the product in reaching new markets.

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Definitions:

Binoculars

A pair of telescopes mounted side-by-side and aligned to point in the same direction, allowing the viewer to use both eyes when viewing distant objects.

Restaurant

A business establishment where meals are prepared and served to customers in exchange for money.

Proprietorship

A business owned and operated by a single individual, characterized by the simplicity of setting up and the sole responsibility for any of its debts or liabilities.

Financial Difficulty

A situation where an individual, business, or government faces challenges in meeting its debt obligations or managing its monetary affairs.