Answer:
Product-development
Explanation:
The product-development strategy refers to the launch of a new product in the market in which the company already operates. As an example, launch a brownie product line for the company's customers, who already consume the company's cookies. The investments will be mainly in the product launch, including communication and distribution, aiming to accelerate the market share and sales gains.
Henry Ford was an American industrialist. And he developed and manufactured the first automobile that many middle class Americans could afford Albert Einstein was a German-born theoretical physicist. He developed the general theory of relativity, one of the two pillars of modern physics.
Immediate rivals, potential entrants, customers, suppliers and substitute products are the five aspects that are used to evaluate competition.
<u>Explanation</u>:
Porter's Five Forces is a framework or tool for analyzing the competitive environment of the company. The profit of the company is influenced by company's competitors, potential new market entrants, suppliers, customers and substitute products.
Michael Eugene Porter- a famous economist of America postulated Porter’s Five Forces. This tool helps in determining the competition intense of the company. The position of the company can be affected with the new entry of rivals in the same market. The company should be able to possess strong and durable barriers to withhold its position.
A: It creates momentum for the passage of the Civil Rights Act of 1964
