Which of the Following Is an Example of an Opportunity

question 22

Multiple Choice

Which of the following is an example of an opportunity that arose from the use of a new method of organizing?

• A)using corn to produce ethanol
• B)using the Internet to sell a product
• C)raising chickens without antibiotics
• D)an American bank providing services in Australia
• E)the invention of the heart stent

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Definitions:

Odd Pricing

A pricing strategy that sets prices at figures ending in odd numbers, like $4.99, under the belief that they seem lower to consumers.

Seven-Step Sales Process

A sequence of steps salespeople follow to sell a product, typically including preparation, approach, presentation, handling objections, closing, and follow-up.

Penetration Pricing

A pricing strategy that involves setting lower than normal prices for a new product or service to attract customers away from competitors.

Profitability Objectives

Common objectives included in the strategic plans of most companies.