"Brand Management" and "Lean Production Systems" Were Invented or Developed

question 55

Multiple Choice

"Brand management" and "Lean production systems" were invented or developed respectively by:

• A)Apple and Procter & Gamble
• B)Toyota and General Electric
• C)Cirque du Soleil and Apple
• D)Procter & Gamble and Toyota

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Definitions:

Dropping Price

A strategy involving the reduction of the price of a product or service with the aim of attracting more customers or selling off surplus stock.

Increased Sales

A rise in the number of products sold or services rendered, leading to higher revenue for a business.

Competitor-Oriented

Strategies or practices focused on understanding and reacting to the actions and market positioning of business competitors.

Pricing Strategy

The method adopted by a company to determine the appropriate price for its goods or services, based on factors like market competition, cost, and customer demand.