Which of the Following Examples Displays a Firm with a Competitive

question 43

Multiple Choice

Which of the following examples displays a firm with a competitive advantage achieved through quality?

• A) An organization that is famous for its durable products
• B) A corporation that reduces its expenses by finding new production processes
• C) A firm that delivers goods and services faster than its competitors
• D) An organization that gains profits by charging less prices
• E) A company that tailors its goods and services to fit consumer needs and preferences

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Definitions:

Proxy Pretest Measure

An indirect measure or an approximation used to gauge participants’ status before the actual pretest in an experimental study, usually when baseline measures are not available.

Counseling Technique

A strategy or method used in counseling to facilitate communication, address client issues, and promote emotional and psychological healing or development.

Random Assignment

A method used in experimental designs to randomly allocate subjects to different treatment groups, ensuring that each group is likely to be similar before treatment.

Treatment Groups

Groups in an experiment that receive the experimental treatment or intervention, whose outcomes are compared to a control group.