A Company Can Become So ________ Centered That It Loses

question 133

Multiple Choice

A company can become so ________ centered that it loses its even more important focus on maintaining profitable ________ relationships.

• A) customer; competitor
• B) competitor; customer
• C) market; customer
• D) market; competitor
• E) competitor; product

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Definitions:

Nonrival

A characteristic of a good or service where one person's consumption does not diminish the ability of another to consume it as well.

Excludable

A property of a good or service that allows its owner to prevent others from using it without permission.

Artificially Scarce Good

A good that has its availability limited by design or through artificial means, rather than through natural scarcity.

Cable Television

A system for delivering television programming to consumers via radio frequency signals transmitted through coaxial cables.