A Real Estate Company Provides Housing Services to Retired Individuals

question 31

Multiple Choice

A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to search for houses with peaceful surroundings. Which of the following statements holds true for the real estate company?

• A) It depends on its ability to reduce the price to drive competition out of the market.
• B) It does not face damaging attacks from larger firms.
• C) Its growth is never stymied irrespective of the fact that it serves a niche market.
• D) Its area of operation cannot be made to disappear or be taken over by larger competitors.
• E) It can charge very high prices.

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Definitions:

Internal

Pertains to something occurring or situated within a part or inside something else, often referring to processes or features not immediately apparent from the outside.

Global

Pertaining to the entire world or relating to a comprehensive and international scale.

Stable Factors

Elements or conditions in an environment or system that remain constant over time, contributing to consistency and predictability.

Cognitive Dissonance

The psychological discomfort experienced by someone who holds two or more contradictory beliefs, ideas, or values at the same time.