Which of the Following Statements Is True About a Soft

question 30

Multiple Choice

Which of the following statements is true about a soft commitment?

• A)It is bad for competitors
• B)It is good for competitors
• C)In Cournot competition,capacity expansion is an example of a soft commitment
• D)In Betrand competition,a commitment to reduce prices is an example of a soft commitment
• E)Tough commitments are always in the best interest of a firm

---

Definitions:

Adaptive

The ability to change or adjust effectively to new conditions, environments, or situations, often considered vital for survival and success.

Developing

The process of growth, progress, or improvement toward a more advanced, complex, or mature state, often used in the context of countries, technology, or skills.

Efficient

The quality of achieving maximum productivity with minimum wasted effort or expense.

Capable of Survival

Having the means, skills, or conditions necessary to continue existence or operations.