University of Santo Tomas Electronics Engineering Vision and Mission Quiz
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University of Santo Tomas Electronics Engineering Vision and Mission Quiz

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Questions and Answers

What is the definition of New Geographical Market?

  • Selling the existing product in new locations (correct)
  • Providing insight into how the product may be valuable to new groups of buyers
  • Characterizing potential customers based on their demographics
  • Developing and selling new products to people already purchasing existing products
  • What is a Value Added Chain?

  • Ensuring profit is made at every stage of product development
  • A strategy to grow by developing and selling new products to existing customers
  • Selling a new product to a new market
  • Describing the steps to convert raw materials into a final product (correct)
  • What does Diversification Strategies involve?

  • Selling a new product to an existing market
  • Growing by selling a new product to a new market (correct)
  • Characterizing potential customers based on demographics
  • Growing by developing and selling new products to existing customers
  • How does the text define New Product Use?

    <p>Providing insight into how the product may be valuable to new groups of buyers</p> Signup and view all the answers

    What challenges are mentioned as Implications of Growth for the Firm?

    <p>All of the above</p> Signup and view all the answers

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