Question

It is an example of a yogurt-producing business that starts to produce buttermilk using the same...

It is an example of a yogurt-producing business that starts to produce buttermilk using the same production process and the same marketing strategy ………………………… .. What is the option to complete the above gap correctly?

A. Focus strategy

B- Market penetration strategy

C. Concentric diversification

D. Counter marketing
E. Market development
Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

PLEASE RATE POSITIVE IF YOU LIKE MY ANSWER TO PROTECT MY EMPLOYMENT

The company is developing a new product with the same production processes and same marketing strategy i.e. same core business processes. Hence it is an example of concentric diversification

Therefore the answer is Option (C)

Focus strategy means a strategy of not venturing beyond a particular competitive segment. Here it is not mentioned that the company doesn't have other segments

Market penetration means growing market share in same products and same market

Counter marketing is used to decrease the demand of a particular product

Market development means growing in new market with existing product

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
a. Major League Baseball’s regular season ballpark average attendance dropped for the third straight season, falling...
a. Major League Baseball’s regular season ballpark average attendance dropped for the third straight season, falling 1% in 2010. The 30 major league teams combined to draw 73.06 million fans in 2010 for an average of 30,067 fans per game according to Stats LLC. Last year there were 74.42 million fans or 30,350 average fans per game. Major League Baseball set attendance records in 2007, with a total of 79.5 million and average game attendance of 32,785. One of explanations...
"Efficiency" refers to a) producing output using the least amount of labor b) producing output using...
"Efficiency" refers to a) producing output using the least amount of labor b) producing output using the least amount of capital c) producing as far inside the production possibilities frontier as possible d) producing only one out of many possible commodities e) getting the maximum possible output from available resources 2) A normative economic statement a) is a hypothesis used to test economic theory b) is a statement of fact c) is a statement of what ought to be, not...
Case Study: Amway – Developing Competitive Marketing strategies Introduction All organizations face an external business environment...
Case Study: Amway – Developing Competitive Marketing strategies Introduction All organizations face an external business environment that constantly changes. Sometimes these changes are slight e.g. minor amendments to regulations or a new firm entering the market as a 'small player'. At other times, however, changes in the environment may have important consequences for an organization, e.g. new technologies, changing consumer tastes or a merger between two large competitors. Changes in the business environment create both opportunities and threats to an...
The Case: The COVID-19 has extensively impacted almost every industry across the globe and has brought...
The Case: The COVID-19 has extensively impacted almost every industry across the globe and has brought great economic fluctuations for every business sector. However, the sectors that were greatly affected and had extremely hard hit are the ones that come in the category of non-essential spending. Having said this, branded clothing industry and branded footwear are two market giants that fall in the category of non-essential spending, have seen major downfall over the past few months. Specifically talking about Pakistani...
QUESTION 1 A code of ethics ________________________________. should be standardized across companies following the AMA guidelines...
QUESTION 1 A code of ethics ________________________________. should be standardized across companies following the AMA guidelines is only necessary for large corporations needs to be vague so that it could be used to understand any potential situation should specify expected behavior in as many potential situations as possible may be more effective in guiding employee behavior than external governmental regulation 1 points   QUESTION 2 For most foods products that are imported into the US from the European Union, companies have...
Question2 1-Age segmentation involves identifying how different people choose to express their personality and their beliefs....
Question2 1-Age segmentation involves identifying how different people choose to express their personality and their beliefs. A-True B-False 2-Pricing a product at 9.99$ is an example on psychological pricing. A-True B-False 3-Semi-finished goods are part of capital goods. A-True B-False 4-Market research involves the gathering and analysis of data about consumers’ preferences, spending patterns and other market conditions, such as prices and competition. A-True B-False 5-Recruiting and training staff is not expensive at all. A-True B-False 6-The purpose of the...
1- Many U.S. firms with a large percentage of their revenues derived in foreign countries prefer...
1- Many U.S. firms with a large percentage of their revenues derived in foreign countries prefer to leave their cash outside the United States because using those funds to pay dividends or purchase treasury stock would Select one: a. promote foreign investment. b. require a big U.S. corporate income tax payment. c. create pressure for decreased exporting. d. decrease foreign exchange. e. inflate stock prices. 2- In projected financial statements, what is used as a plug figure? Select one: a....
Previous week data:Nike’s general strategy for competitive advantage gives emphasis on product mix diversity. (Stratgey-formulation framework,...
Previous week data:Nike’s general strategy for competitive advantage gives emphasis on product mix diversity. (Stratgey-formulation framework, 2009)Thus general plan refers to a process through which organization attains and preserves its competitiveness. However, Nike must ensure that its generic strategy and exhaustive growth policies are suitable for its present business circumstances.Nike’s cost leadership general strategy intends to maintain a competitive advantage customarily based on overhead expenses. However, in general, strategy process business attempts to lessen its operating expenses to maximize its...
do you agree or disagree and why with the information below: Corporate-level strategies for Mitsubishi Corp....
do you agree or disagree and why with the information below: Corporate-level strategies for Mitsubishi Corp. Vertical integration is a tactic that a company such as Mitsubishi can use to improve its cost leadership position (Strategic Management, 2014c, pp. 249-252). This would work well for a company such as Mitsubishi because the company already has experience with this tactic. Due to the fact that Mitsubishi Corporation already forms many of the links in the value chain it likely will be...
Funding an IS project through a Chargeback method involves: Pricing the IS service out for the...
Funding an IS project through a Chargeback method involves: Pricing the IS service out for the customer buying the end product Direct billing by the firm for IS resources or services to the department that uses them Direct billing by the manager of a function for IS resources or services to an employee that uses them An accounting process that reduces tax liability for capital investments All of the following are attributes of considering IS costs as Overhead except the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT