In Many High-Tech Industries in the Economy, Such as Computers

question 70

Multiple Choice

In many high-tech industries in the economy, such as computers, medical equipment, and automobiles,

• A)price competition is utilized by firms more than innovation to compete with rivals.
• B)firms compete on the basis of innovation only; never engaging in price competition.
• C)innovation is utilized by firms to compete with rivals more than price competition.
• D)firms use price competition only; never engaging in innovation to compete with rivals.
• E)firms utilize innovation and price competition equally to compete with rivals.

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Definitions:

Main Contribution

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REP Test

Role Construct Repertory Test; a psychological test for assessing an individual's personal construct system, used to understand how one perceives and evaluates their world.

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