Which of the Following Is Not a Characteristic of a No

question 43

Multiple Choice

Which of the following is not a characteristic of a no frills strategy?

• A) Low perceived product/service benefits
• B) Focus on price- sensitive market
• C) Benefits that are different from those of competitors and which are widely valued by buyers
• D) A low price

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Definitions:

365-Day Year

A calendar basis used in various financial calculations, assuming the year consists of exactly 365 days for simplifying interest and other time-sensitive computations.

Temporary Working Capital

The additional working capital needed to support fluctuations in business activity during peak periods.

Short-Term Debt

Liabilities or loan obligations that are due to be paid within a year.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for goods or services sold on credit.