Answer:
The Penetration Strategy
Explanation:
The penetration strategy is aggressive. It primarily seeks to increase a firm's share of total sales in a particular market or for a particular product. The prices are lowered to achieve the acquisition of a large percentage of consumers in a competitive market.
One of the goals of the firms who use this strategy is to significantly reduce the sales of the competitors so much so, they are forced to drop out of that market.
To effectively carry out the penetration strategy, the following methods are used:
- Price reduction which is what this question is about
- Terms Improvement- Better customer experience among others
- Expanded Marketing- Creative ways of marketing existing products
- Product Differentiation- Creating a radically different product that attracts customers
- Distribution Channel - Creating more aggressive channels for product distribution
Answer: True
Explanation: The United States Consumer Product Safety Commission is an independent agency of the United States government which was founded in October 27 1972 by the Congress. The U.S CPSC is tasked with promoting the safety of consumer products by assessing risks which may lead to injury, developing uniform safety standards and researching illnesses and injuries that may be due to products.
Their guidelines become legislative rules which are binding and has the same effect as a statute. These rules must he adhered to and in the case of the multipurpose lighter, the rule requires that children under the age of 5 should not be able to light a fire while playing with the lighter.
This rule reduces injuries and deaths that occur within this age bracket and it requires that at least 85% of children who test a dummy lighter must not be able to operate it.
Answer: Twitter lists
Explanation: To complete the sentence in the question :
TWITTER LISTS is a great way to group together similar people and topics in Twitter so you can focus on activity within a group without distractions.
Twitter list is an amazing feature available in Twitter used to enable an account owner to arrange his followers and those his following into groups.
The benefit of using Twitter lists is that you get to see constantly the tweets of those individuals your more interested in and not missing out of their tweets due to numerous feeds on your timeline.
Answer:
A. Product Focus
Explanation:
In business, product focus is an approach that operations, strategies and metrics in the terms of the product . High volume, low variety production is best suited for product focus production because the facilities are organized around the finished product. Firms that use this approach usually operates in high levels of standardization and quality control. This are usually associated with manufacturing and firms that continually improve products to stay relevant in an industry.