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:

Résumé Formats

Different styles and structures used for organizing and presenting information on a job applicant's résumé.

Compatibility

The ability of systems, devices, or materials to work together in harmony without conflict or error.

Résumé Format

The layout and structure of a resume, including the organization of information such as work experience, education, and skills to present to potential employers.

Career Path

The trajectory of employment positions a person undertakes throughout their career, often reflecting progression in a particular sector or field.