Reva Electric Car Company (RECC.) manufactures electric cars for the Indian market. RECC
identified a potential market in European countries for an electric car, and introduced the Reva
under a new brand name and with different promotion.
Which of the following market growth
strategies is RECC employing in the above case?
A) diversification B) product development
C) market development D) market penetration
C
You might also like to view...
The configuration derived from preference data is very similar to that obtained from similarity data
Indicate whether the statement is true or false
Under Section 11(a) of the 1933 Act, accountants are:
A. liable only if privity of contract is with the purchaser. B. liable only to purchasers who relied upon the omissions or falsities in the registration statements. C. liable for defective registration statements unless they can prove that they exercised due diligence. D. not liable to any purchaser of securities issued pursuant to a defective registration statement.
The sales for January, February, and March are $50,000, $80,000 and $120,000, respectively
For any particular month of sales, the following percentages are received over time in cash: 40% in cash from that same month of sales; 50% in cash from the previous month's sales; and, 10% in cash from the sales from two months ago. What amount of cash will be received during March? A) $93,000 B) $97,500 C) $108,000 D) $120,000
Anna and Bob bought their home for $250,000 in 2001. Since moving in they have completed the following: Pool $25,000 Security System $ 6,000 Landscape $ 4,000 Drapes $15,000 Their 2001 loan was at 10% and interest rates are now at 7%. Their home is now
worth $400,000. Their lender will refinance $320,000 (80% of market value). How much can Anna and Bob refinance and still deduct all interest on their income tax?