Which of the Following Provides an Example of a Firm

question 64

Multiple Choice

Which of the following provides an example of a firm in a red ocean?

• A) Chique Apparel offered clothing at a low price but failed to differentiate its product as being exclusive.
• B) Cheap Apparel offered clothing at a price matching that of its competitors and, as a result, it had lower profit margins.
• C) Goode Apparel offered clothing at a mid-range price but failed to differentiate its product as being of decent quality.
• D) Top Drawer Apparel offered clothing at a higher price than competitors and, as a result, failed to make a profit.

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Definitions:

Cost Of Goods Sold

Expenses inherently linked to the manufacturing of a company's products, including the costs of materials and labor.

Finished Goods

Items that have gone through the production process and are now prepared for sale.

Manufacturer

A company or person that produces finished goods from raw materials in large quantities through various processes.

Ready For Sale

Indicates items or products are in a condition where they can be offered to customers for purchase.