Which of the Following Is Not a Method of Alternative

question 1

Multiple Choice

Which of the following is not a method of alternative dispute resolution?

• A)Litigation
• B)Mediation
• C)Arbitration
• D)Conciliation

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Definitions:

Product Differentiation

A marketing strategy that businesses use to distinguish their products or services from those of competitors.

Competitive Element

A factor that distinguishes a company in the marketplace, often related to quality, price, or innovation, aiding in achieving a competitive advantage.

Elastic Demand

A situation in which the quantity demanded of a product or service changes significantly in response to a change in price.

Large Number

A value that is significantly higher than what is considered average or normal, often used in statistical analysis.