In a single-product strategy,a company makes and sells only one product within its market.An example of a businessperson following a single-product strategy is a farmer who grows and sells only corn.

Question

Quizplus · Accepted Answer

A single-product strategy involves focusing on making and selling only one product within the market, and the example given of a farmer who grows and sells only corn fits this definition. Therefore, the statement is true.

In a Single-Product Strategy,a Company Makes and Sells Only One