One Advantage of Nonprice Competition Is That

question 51

Multiple Choice

One advantage of nonprice competition is that

• A) a firm can react quickly to competitive efforts.
• B) market share becomes less important.
• C) a firm can build customer loyalty.
• D) marketing efforts are completely eliminated.
• E) pricing is no longer a factor.

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Definitions:

Observable Characteristics

Traits or features that can be seen or measured directly in individuals or phenomena.

Dominant Gene

A gene that expresses its phenotypic trait even when heterozygous with a recessive gene.

Recessive Gene

A gene that produces its characteristic phenotype only when its allele is identical and not masked by a dominant gene in the pair.

Heterozygous

A genetic condition in which an individual has two different alleles of a gene, one inherited from each parent, contributing to genetic diversity.