If a business enhances the quality of a product, makes it more convenient to use, improves its durability, or makes it more up-to-date, any one of those initiatives fall under the category of ________.
A) increasing the market penetration of an existing product or service
B) extending product lines
C) geographic expansion
D) licensing
E) improving an existing product or service
Correct Answer:
Verified
Q2: Internally generated growth is often called organic
Q3: In many fast-paced industries, new product development
Q4: Explain the difference between internal and external
Q5: Which of the following was NOT identified
Q6: New product development, other product-related strategies, and
Q8: Which of the following is an example
Q9: New product development is a low-risk growth
Q10: Describe the internal growth strategy of new
Q11: An advantage of internal growth is that
Q12: Filtereasy, the company profiled in the opening
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