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:

Pie Charts

Circular statistical graphics divided into slices to illustrate numerical proportion.

Quantitative Totals

Numerical aggregations or sums that represent amounts, typically used in data analysis or reporting.

Percentages

A fraction or ratio expressed as a part of 100, used to denote proportions or to compare quantities.

Pie Charts

Graphical representations of data in a circular format, with slices to illustrate proportional sizes of different categories within a whole.