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serious [3.7K]
3 years ago
8

When a firm takes existing products and attempts to sell them to new markets, this growth strategy is considered: A. Market deve

lopment B. Market penetration C. Product development D. Diversification
Business
1 answer:
HACTEHA [7]3 years ago
8 0

Answer: A - Market development

Explanation: Marketing development is a marketing strategy used by businesses to penetrate new markets with their products.

There are different types of market development and they are:

1. Price: new prices are offered for the product to attract new customers/consumers to the product thereby increasing income.

2. Distribution: The distribution of the product through new channel will aid the development of the product in the new market.

3. Product development: the development of a new product will help penetrate the new market as the product is new and customers might like to try it out.

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Giving the following information:

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6 0
3 years ago
Stock R has a beta of 1, Stock S has a beta of 0.45, the required return on an average stock is 9%, and the risk-free rate of re
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Answer:

3.00%

Explanation:

Required return of a stock = Risk free rate of return + (average required return - Risk free rate of return) (Beta of the stock)

Required return of Stock R = 0.03 + [ (0.09 - 0.03) * 1)] = 0.09

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Difference = 0.09 - 0.06 = 0.03, or 3%

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4 0
3 years ago
In December 2015​, General Electric​ (GE) had a book value of equity of $ 97.7 ​billion, 9.6 billion shares​ outstanding, and a
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Answer:

The answer is:

A. market capitalization = $313.73billion

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Please find the detailed calculation from the attached file.

7 0
3 years ago
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