A diversification strategy entails increasing sales by introducing new products into new markets.
Answer the following statement true (T) or false (F)
True
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The idea that if a sufficient number of people adopt the innovation, additional adoption of the innovation becomes self-sustaining, assuring future growth is known as ______.
A. late adopters B. early majority C. reciprocal interdependence D. critical mass
A company's ________ includes all the experiences the customer will have on the way to obtaining and using the offering
A) value proposition B) value delivery system C) customer-value analysis D) total customer benefit E) total customer cost
To set a time standard for a machining operation, the least likely approach to be used is the:
A) time study method. B) elemental standard data approach. C) predetermined data approach. D) work sampling method.
Mykal's company used to have one of its clothing lines manufactured by an outside supplier. That line is now manufactured at a new factory built by Mykal's company. This change is an example of
A) offshoring. B) outsourcing. C) inshoring. D) insourcing. E) offsourcing.