If a company is using a prospector business strategy, its market ...

[joblessjake]

If a company is using a prospector business strategy, its market is stable, its product is mature, and it wants to increase market share by digging for new customers with new products.
 
  Indicate whether this statement is true or false.

Question 2

A fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed is referred to as ________.
 
  Fill in the blank with correct word.

[TheNamesImani]

Answer to Question 1

Answer: FALSE

Answer to Question 2

Answer: business process reengineering (BPR)

[joblessjake]

Thanks for the timely response, appreciate it

[amcvicar]

Excellent