The ________ strategy focuses on selling the firm's existing products to new groups of customers.
A. penetration
B. diversification
C. product development
D. market development
Answer: D
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When seeking a recommendation before awarding a contract, what type of information is least likely to be needed from an applicant?
A) Information on skills B) Information on abilities C) Information on integrity D) Information on credit worthiness E) Information on character
Which of the following is an example of an investing activity?
a. Purchasing a building b. Obtaining a bank loan c. Paying taxes to the government d. Producing goods and services
Which of the following statements regarding auto insurance is not true?
A) No-fault insurance programs do not hold a specific driver liable for causing an accident. B) Exaggerated personal injury claims result in additional insurance expenses of about $100 million per year. C) One reason for high auto insurance premiums is auto insurance fraud. D) If you drive a car, you need to have auto insurance.
A disadvantage of collecting primary data is that it is
A. difficult to interpret. B. not available freely. C. overly quantitative. D. usually outdated. E. typically expensive.