Which of the Following Is NOT a Source of Competitive

question 16

Multiple Choice

Which of the following is NOT a source of competitive advantage?

• A) selling the most expensive version of an adequate product
• B) having a well-known brand name
• C) providing the best customer service
• D) being more convenient to buy from
• E) developing a steady stream of innovative products

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Definitions:

Second-degree Price Discrimination

A pricing strategy where prices vary according to quantity sold or consumed, size, or version of the product, not directly by consumer identity.

Quantity Blocks

Predefined quantities of goods or services, often used in pricing or packaging.

Third-degree Price Discrimination

A pricing strategy where different prices are charged to different groups of customers based on their willingness to pay.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to changes in its price, indicating the sensitivity of consumers to price changes.