Jake's Taxi Service Is a New Entrant to the Taxi

question 68

Multiple Choice

Jake's Taxi Service is a new entrant to the taxi industry. It has achieved success by staking out a unique position in the industry. How did Jake's Taxi Service mostly likely achieve this position?

• A) providing long-distance cab fares at a higher rate than competitors; servicing a larger area than competitors
• B) providing long-distance cab fares at a lower rate than competitors; servicing a smaller area than competitors
• C) providing long-distance cab fares at a higher rate than competitors; servicing the same area as competitors
• D) providing long-distance cab fares at a lower rate than competitors; servicing the same area as competitors

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Definitions:

Long-term Memory

A type of memory responsible for the storage of information over extended periods, anything from hours to a lifetime.

Sensory

Relating to sensation or the physical senses; transmitted or perceived by the senses.

Phonological

Pertaining to the system of sounds in a language and the rules for their combination and use.

Semantic Networks

A model for understanding human memory in which concepts are linked together based on their meanings and relationships.