Which of the Following Is an Example of a Company

question 51

Multiple Choice

Which of the following is an example of a company employing a specialization strategy?Select as many as apply.

• A) Walmart decides to pressure its suppliers to keep costs as low as possible.
• B) Apple decides to create a phone that is unlike any other phone on the market.
• C) Harley Davidson decides that it will only manufacture motorcycles, not cars or other types of vehicles
• D) Dunkin' Donuts decides to focus on selling donuts rather than a variety of baked goods
• E) Starbucks decides against opening any kind of store location other than a coffee shop.

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Definitions:

Street Crime

Refers to crime committed in public places and is often associated with violence, theft, and vandalism.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices, assuming all other factors remain constant.

Total Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Price Rises

An increase in the cost of goods or services, which can affect consumer buying power and inflation rates.