Straddle Positions ________

question 46

Multiple Choice

Straddle positions ________.

• A) help firms to analyze who their competitors are
• B) allow brands to expand their market coverage and potential customer base
• C) are a necessity while creating a firm's vision and mission statement
• D) assist firms in collecting information on competitors that will directly influence their strategy
• E) are ambiguous moral principles behind the operation and regulation of marketing

---

Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, resulting in cost per unit of output decreasing with increasing scale.

3-D Printers

Technology that creates three-dimensional objects from digital models by layering materials.

Explicit Costs

The direct payment costs to others in the course of running a business or undertaking an economic transaction.

Implicit Costs

Costs that represent forgone opportunities, often not directly outlaid but incurred when resources are used for one purpose over another.