To Be Successful and to Survive the Shakeout Stage of the Industry

question 65

Multiple Choice

To be successful and to survive the shakeout stage of the industry life cycle, a firm should

• A) charge higher prices than its competitors.
• B) focus on product innovation rather than process innovation.
• C) gain economies of scale.
• D) shift from price to non-price competition.

Differentiate between various medicines (allopathic, complementary, alternative, mind-body) and their effectiveness in treatment and prevention.

Understand the role of phytochemicals in diet and their health benefits.

Identify CAM therapies known to alter immune function.

Recognize traditional healing practices and their cultural significance.