Which of the Following Is an Example of a Competitive

question 32

Multiple Choice

Which of the following is an example of a competitive strategy employed by a firm?

• A) increasing the price of its product when raw material prices increase
• B) laying off staff in order to cut down costs during a recession period
• C) advertising its products nationwide like its competitor organizations
• D) launching a unique product targeted at a section of consumers

---

Definitions:

Demographic Transition

The transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Mortality Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Income

The monetary payment received for goods or services, or from other sources, as rents or investments.

Real Output

Measures the quantity of goods and services produced, adjusted for inflation, to reflect the actual physical output.