________ means trying to increase sales by selling present products in new markets.

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


Answer: B

Business

You might also like to view...

What function does the receiving department serve in the revenue cycle?

Business

The bare minimum of products and services that all segment members uniformly value are wrapped in _______ that some, but not all, segment members value and are offered separately for those segment members that do value them

a. naked solutions b. residual variation c. mass customization d. options

Business

In order to register for a domain name, the U.S. Patent and Trademark Office must issue an

authorization that the name is available and is not confusingly similar to existing names. Indicate whether the statement is true or false

Business

A study examined the effectiveness of the four core influence tactics. It found that leaders who used these tactics

a. were effective in gaining commitment (i.e., a willingness to carry out the requested actions) both when they were used on peers and on subordinates b. had improved the quality of relationships with others c. were effective at gaining commitment from subordinates but not peers d. both “a” and “b”

Business