Which of the Following Statements Is Always True

question 143

Multiple Choice

Which of the following statements is always true?

• A) -1 ≤ PEi) ≤ 1
• B) PA) = 1 - A^c)
• C) PA) + PB) = 1
• D) ∑P ≥ 1

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Definitions:

Market Driven

A business approach focused on creating products and services based on the existing demands and preferences of the market.

Reactive

Characterized by actions taken in response to external situations or events rather than initiating change proactively.

Competition Driven

A market situation where businesses are highly motivated to outperform their rivals in order to gain greater market share and customer loyalty.

Competitive Advantages

Attributes or circumstances that allow a company or country to produce goods or services at a lower price or in a more desirable manner than competitors.