Recently,the Only Type of Car Available for Anthony to Rent

question 33

Multiple Choice

Recently,the only type of car available for Anthony to rent on a business trip was a compact,fuel-efficient Japanese import. Anthony was surprised at the comfort and performance of the car. He is in the market for a new car and had previously considered only buying another luxury SUV. Now,he is thinking about the significant cost savings he would have if he bought the compact vehicle rather than a new SUV. This is an example of the competitive risk that

• A)a competitor's products can convey a product's differentiated features to a customer at a significantly reduced price.
• B)a product imitation can cause customers to perceive that competitors offer essentially the same good.
• C)experience can narrow a customer's perceptions of the value of a product's differentiated features.
• D)brand loyalty insulates a company from rivalry with competitors.

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Definitions:

Norming Stage

A stage in team development where members resolve conflicts, establish norms, and foster unity.

Cohesiveness

The degree to which members of a group or team are attracted to each other and motivated to stay in the group.

Team Leaders

Individuals who guide, direct, and lead teams towards achieving their goals and objectives, often responsible for fostering teamwork and resolving conflicts.

Coaches

Professionals who support, instruct, and guide individuals or teams to achieve specific personal or professional goals.