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:

Interviews

Structured conversations where questions are asked to assess the qualifications, abilities, or opinions of the interviewees.

Union Election

A process by which members of a labor union vote to elect representatives or decide on other union-related matters.

Federal Labor Law

Legislation that regulates the rights and duties between employers and workers at the national level.

Majority Vote

A voting requirement that more than half of the votes cast by members entitled to vote are necessary to make a decision or pass a proposal.