Asked by mohammad uzair on Jun 24, 2024
Verified
Growing the brand by expanding its presence and reach reflects what type of logic?
A) Radical innovation
B) Exploitation
C) Exploration
D) Design thinking
Radical Innovation
A profound or revolutionary change in technology, products, or processes that significantly transforms a market or industry.
Exploitation
The act of taking unfair advantage of someone or something, often for personal gain, at the expense of others' rights or well-being.
Design Thinking
is a problem-solving approach that involves empathy, creativity, and rationality to meet user needs and solve complex issues.
- Understand the distinction between exploration and exploitation strategies in brand expansion.
Verified Answer
Learning Objectives
- Understand the distinction between exploration and exploitation strategies in brand expansion.
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