Which of the Following Is an Example of a Competitive

question 32

Multiple Choice

Which of the following is an example of a competitive strategy employed by a firm?

• A) increasing the price of its product when raw material prices increase
• B) laying off staff in order to cut down costs during a recession period
• C) advertising its products nationwide like its competitor organizations
• D) launching a unique product targeted at a section of consumers

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Definitions:

Latency Stage

In Freudian theory, a period during childhood development following the phallic stage, where sexual urges are repressed and dormant as children focus on other aspects of life.

Puberty

The developmental stage in humans during which children develop secondary sexual characteristics and reach sexual maturity.

Personality

The combination of characteristics or qualities forming an individual's distinctive character and behavioral patterns.

Unconscious

The part of the mind that is not within thought's immediate reach and that contains desires, wishes, and motivations unknown to the individual.