Which of the Following Is a Disadvantage of Using a Cost-Based

question 62

Multiple Choice

Which of the following is a disadvantage of using a cost-based strategy?

• A) It requires a geographically limited market.
• B) The business may become too specialized, resulting in two few customers to be viable.
• C) It attracts intense competition.
• D) It is difficult to generate customer loyalty.

Recognize the difference between psychodynamic, humanistic, and behaviorist approaches in psychology.

Understand the significance of objective tests in revealing attitudes and feelings, and the critique from a psychodynamic perspective.

Comprehend the relationship between reliability and validity in psychological testing.

Recognize the importance of unconditional positive regard in psychological development.

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Definitions:

Addictive Disorder

A psychological disorder characterized by a dependency on substances such as alcohol, drugs, or behaviors like gambling, leading to significant impairment or distress.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a diagnostic tool published by the American Psychiatric Association that defines and classifies mental disorders.

Withdrawal Reactions

Symptoms that arise when discontinuing or reducing the intake of a substance that one has become dependent on.

Alcoholism

A chronic disorder characterized by uncontrolled drinking and preoccupation with alcohol, leading to a range of physical, psychological, and social problems.