Which of the following is associated with the market development strategy?
a. Limiting the production of products
b. Increasing the prices of products
c. Adding new features to products
d. Limiting resources used for promotion
ANSWER: c
Market development means attracting new customers to existing products. Ideally, new uses for old products stimulate additional sales among existing customers, while also bringing in new buyers.
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The Occupational Safety and Health Administration (OSHA) was created to:
A. oversee standards defined by Congress for health and safety in the workplace. B. adjudicate violations of the Occupational Health and Safety Act by employers. C. conduct research and make health and safety recommendations. D. set health and safety standards and ensure such standards are implemented by employers
What is the name of the exchange rate system in which countries allow the value of their currency to be determined freely in the foreign exchange markets around the world without any government restrictions?
A) European currency unit B) fixed currencies C) floating currencies D) dirty float currency