An Organization Consistently Invests Above the Industry Average in Research

question 42

Multiple Choice

An organization consistently invests above the industry average in research and development. As a result, it is able to offer exclusive product features although product pricing is higher to account for the additional investment. This organization is using a ________ strategy.

• A)differentiation
• B)low-cost
• C)diversification
• D)SWOT
• E)high-cost

Examine the legal and ethical considerations in scenarios involving undue influence, duress, and economic pressures.

Understand the conditions under which contracts can be rescinded due to mistakes, fraud, or duress.

Differentiate between innocent and fraudulent misrepresentation and their respective remedies.

Analyze the legal standards for establishing duress and its effects on contract enforceability.

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Definitions:

Responsive

indicates the ability of something or someone to react quickly and positively.

Citizens

Individuals who are legally recognized members of a sovereign state, with associated rights and responsibilities.

Creativity Types

Various forms or categories of creativity, encompassing differences in how individuals express or manifest creative thinking and problem-solving.

Innovation

The act or process of introducing new ideas, devices, or methods.