Which growth strategy involves selling more of a firm's existing products to the firm's existing markets?

A) diversification
B) market penetration
C) market development
D) product development

In the market for chewing gum,the current price is 50 cents per pack and 100,000 packs are sold.Which of the following events is most likely to result in a new equilibrium price of 60 cents and quantity of 90,000 packs?

A) An increase in the price of other kinds of candy
B) An increase in the price of the ingredients used to make chewing gum
C) A decrease in the number of young people in the population
D) An agreement among workers in the chewing gum industry to work for lower wages
E) An increase in income of consumers of chewing gum

Compliance with a legislative enactment or administrative regulation does not prevent a finding of negligence if a reasonable person would have taken additional precautions to avoid harm.

Even if both parties consent to an agreement,if a court finds the agreement illegal then it will not enforce it.