Choices That Firms Make About the Kinds of Products and Services

question 67

Multiple Choice

Choices that firms make about the kinds of products and services they will sell that impact their relative cost position are known as

• A) technological hardware.
• B) policy choices.
• C) technological software.
• D) corporate level strategies.

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Definitions:

Leading Question

A query that implies the response or encompasses the details the questioner seeks to have validated.

Closed-ended Question

A question format that limits respondents’ answers to predetermined choices, typically used in surveys or interviews to facilitate easier analysis of responses.

Hypothetical Question

A question based on assumptions or hypothetical situations, used to explore outcomes or legal principles.

Closed-ended Question

A type of question formulated to receive a specific, often "yes" or "no", answer.