Competitive Priorities State the Dimensions on Which a Firm Can

question 21

Multiple Choice

Competitive priorities state the dimensions on which a firm can excel.Which one of the following statements about each dimension is TRUE?

• A) Emphasizing low price is most appropriate for differentiated products in the growth stage of demand.
• B) A firm that intends to excel at high-performance design quality can succeed only when its production volume is very high.
• C) McDonald's is a typical example of an organization that excels at volume flexibility rather than quality consistency.
• D) For a firm that gives top priority to customization, volumes for any individual product tend to be low.

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Definitions:

Formal Treatment

Structured medical or therapeutic intervention designed to treat a specific condition or disorder.

Counterconditioning

A behavioral therapy technique involving the conditioning of an unwanted behavior or response to a stimulus into a desired behavior by association with a positive or negative stimulus.

Joseph Wolpe

A South African psychiatrist known for developing systematic desensitization, a method used to reduce phobias and anxieties.

Anxiety Responses

Physical and psychological reactions that occur in response to perceived threats or stressful situations, including feelings of fear, apprehension, and increased physiological arousal.