An Inducement to Take a Particular Action Is Called

question 179

Multiple Choice

An inducement to take a particular action is called

• A) an incentive.
• B) the marginal cost.
• C) opportunity cost.
• D) the marginal benefit.

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Definitions:

Catalog Retailer

A business that sells products through catalogs mailed to customers, who can place orders by mail, telephone, or online.

Competitive Advantage

An attribute or situation which positions a company more favorably or at an advantage relative to its competitors in the industry.

Distinctive Competency

A unique capability or skill that gives an organization a competitive advantage over its peers.

Business Portfolio

The collection of businesses and products that make up a company, analyzed for strategic planning to enhance business performance.