4. Of these examples, the best illustration of the concept of “lateral marketing’ is: a. P&G developing a new flavor of breakfast cereal for kids: new Pomegranate- Marshmallow Dream Puffs b. Ford selling new cars in a new international market, like Cambodia c. Honda reducing costs by producing motorcycles in huge volumes d. Apple introducing the next generation i-Phone e. McDonalds selling French fry grease to lubricate farm equipment engines f. Philip Morris using cartoon characters to make smoking appeal to kids g. Unilever introducing a new feature, “shine 29”, in its hair care products

Answer-(d) Apple introducing the next generation i-Phone.
Lateral marketing refers to a work process, which restructure a product in the market by creating categories and subcategories. It produces innovative new products which include needs, uses or targets not previously covered.
 
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