Recently,the Only Type of Car Available for Anthony to Rent

question 33

Multiple Choice

Recently,the only type of car available for Anthony to rent on a business trip was a compact,fuel-efficient Japanese import. Anthony was surprised at the comfort and performance of the car. He is in the market for a new car and had previously considered only buying another luxury SUV. Now,he is thinking about the significant cost savings he would have if he bought the compact vehicle rather than a new SUV. This is an example of the competitive risk that

• A)a competitor's products can convey a product's differentiated features to a customer at a significantly reduced price.
• B)a product imitation can cause customers to perceive that competitors offer essentially the same good.
• C)experience can narrow a customer's perceptions of the value of a product's differentiated features.
• D)brand loyalty insulates a company from rivalry with competitors.

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Definitions:

Stenotic

Pertaining to stenosis, a condition marked by the abnormal narrowing of a bodily passage or duct.

Stent

A tubular support device implanted in a blood vessel, canal, or duct to prevent or counteract a disease-induced localized flow constriction.

Coronary Artery

Blood vessels that supply blood to the heart muscle, critical for providing the necessary oxygen and nutrients.

Balloon Catheter

A medical device consisting of a thin tube and an inflatable balloon that is used to open up blocked or narrowed blood vessels.