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:

Specific Performance

A legal remedy wherein a court orders a party to fulfill their obligations under a contract, rather than paying damages for failing to do so.

Unique Collection

A distinctive assemblage of items or data gathered together, showcasing rarity, uniqueness, or specialized focus.

Sports Memorabilia

Collectible items related to sports, such as jerseys, autographs, or trading cards, that are valued for their historical significance or connection to famous athletes.

Mitigating Damages

Actions taken to reduce the severity or impact of damages, typically in the context of legal disputes or property damage.