Which of the Following Statements Is Most Likely True of Market

question 45

Multiple Choice

Which of the following statements is most likely true of market follower strategies?

• A) Market followers have the resources to expand the market by developing new users, new uses, and more usage of its products.
• B) Market followers must expand internationally first to ensure distribution effectiveness, cost savings, and quality control.
• C) Market followers should conduct indirect attacks on competitors' weaknesses to gain market share quickly and inexpensively.
• D) Market followers benefit from pursuing subsegments of target markets due to their limited resources.
• E) Market followers must keep manufacturing costs and prices low or product quality and services high.

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Definitions:

Demand Characteristics

Cues in an experimental environment that signal to participants how they are expected to behave, which can influence the results of the experiment.

Illusory Correlation

The occurrence where one perceives connections among variables (commonly individuals, occurrences, or actions) despite the lack of any actual link.

Experimenter Bias

A process where the scientists conducting an experiment influence the outcome due to subjective expectations or preferences.

Illusory Correlations

The phenomenon when people falsely perceive an association between two events or situations, primarily due to cognitive biases or statistical artifacts.