Which of the Following Is an Advantage of Clustering

question 32

Multiple Choice

Which of the following is an advantage of clustering?

• A)New entrants can charge higher prices for products as compared to existing firms.
• B)New entrants can have lower cost of gathering regional information about trends in the market.
• C)New entrants can benefit from favorable terms of trade.
• D)New entrants can engage in non-price competition with other firms in the industry.
• E)New entrants can charge low prices for their products.

Understand the importance and calculation of discounts and markups in sales transactions.

Comprehend the significance of effective communication guidelines in professional settings, including cell phone usage and netiquette.

Recognize the benefits of modern office setups such as virtual offices for salespeople.

Grasp the essentials of sales training, including its content and duration.

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Definitions:

Leadership Theory

The study of the characteristics, behaviors, and attributes that make an effective leader.

Weaknesses

Areas of lack or deficiency in personal, organizational, or other contexts that may hinder effectiveness or achievement.

Servant Leadership

Describes a leadership philosophy where the leader's main goal is to serve others, prioritizing the well-being and development of their team members over their personal power.

Group's Needs

The collective requirements or desires that must be met for the members of a group to feel satisfied and function effectively.