In Increasingly Fast-Paced Markets, Price and Technology Are Not Enough

question 86

Multiple Choice

In increasingly fast-paced markets, price and technology are not enough. ________ is the factor that will often give a company its competitive edge and is defined as the totality of features that affect how a product looks, feels, and functions in terms of customer requirements.

• A) Conformance
• B) Design
• C) Performance
• D) Reliability
• E) Style

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Definitions:

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the business.

Dividends

Payments made by a corporation to its shareholders from its profits.

Codes of Conduct

Written guidelines that outline the expected ethical behaviors and norms for individuals within an organization or profession.

Company Policies

Internal guidelines and rules set by a business to govern its operations, employee behavior, and decision-making processes.