________ means moving into totally different lines of business, perhaps entirely unfamiliar products, markets, or even levels in the production-marketing system.

A. Market development
B. Market penetration
C. Product development
D. Differentiation
E. Diversification


Answer: E

Business

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With few, if any, competitors in an untapped new market, a business has the opportunity to pioneer a portion of the market largely ignored by competitors. This is known as ________

A) network advantage B) economies of scale advantage C) horizontal integration advantage D) first-mover advantage E) vertical integration advantage

Business

The balance sheet pension liability considers the projected benefit obligation

Indicate whether the statement is true or false

Business

The accountant prepares the statement of cash flows after completing the

a. balance sheet, only. b. income statement, only c. balance sheet and the income statement. d. funds flow statement. e. statement of retained earnings.

Business

Canadians shake hands, Japanese bow, and Middle Easterners of the same sex kiss on the cheek. These gestures are examples of ________.

A. proxemics B. chromatics C. chronemics D. haptics

Business