The Maker of Hanes Pantyhose Attempts to Set Its Product

question 33

Multiple Choice

The maker of Hanes pantyhose attempts to set its product apart from the competition. As a result, the company obtained limited control over the price of its product. Achieving price control in this manner is known as

• A) advertising.
• B) distributional efficiency.
• C) low-cost production.
• D) niche marketing.
• E) product differentiation.

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Definitions:

Genetics

The study of genes, genetic variation, and heredity in living organisms, explaining how traits are passed from parents to offspring.

Environment

The habitat or situational conditions that influence the living or operational state of a person, animal, or plant.

Inborn Concept

A theory that suggests certain ideas or understanding are inherent and present at birth, not learned through experience.

Singular and Plural Nouns

Terms that denote one single entity or more than one of the same entity, respectively.