Which of the Following Examples Illustrates a Firm That Has

question 35

Multiple Choice

Which of the following examples illustrates a firm that has achieved competitive advantage through costs?

• A) A firm that uses patented technology to deliver goods and services to customers on time
• B) A firm's ability to adjust and adapt to different demographic segments and satisfy their needs
• C) A firm that invests only a small amount on promotion and maximizes profits by charging low prices
• D) A firm's technology that creates high quality products and services
• E) A firm that specializes in developing timely new products

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Definitions:

Zeitgeber

An external or environmental cue, such as light or temperature, that helps regulate the biological rhythms of an organism.

Potent

Having a strong effect or powerful influence.

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, which can be perceived by the human eye.

Zeitgeber

External or environmental cue that synchronizes an organism's internal body clock to the 24-hour day and night cycle, such as light.