Which of the Following Is an Example of Competing on the Basis

question 107

Multiple Choice

Which of the following is an example of competing on the basis of differentiation?

• A)A firm manufactures its product with less raw material waste than its competitors do.
• B)A firm's products are introduced into the market faster than its competitors' products are.
• C)A firm's distribution network routinely delivers its product on time.
• D)A firm offers more reliable products than its competitors do.
• E)A firm advertises more than its competitors do.

Recognize the importance of costs, including labor and transportation, in location decisions.

Identify the role of intangible factors, such as innovation and proximity to competitors, in location decisions.

Demonstrate an understanding of how globalization and government policies impact location decisions.

Assess the significance of labor productivity and its calculation in the context of location decisions.

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Definitions:

Cognitively Advanced

Describes individuals who exhibit higher level cognitive abilities such as problem solving, critical thinking, and understanding complex ideas.

Growth Rate

The speed at which a biological entity increases in size or number over a specific period.

Breast-Feeding

The process of feeding a baby with milk directly from the mother's breast, offering numerous health benefits for both infant and mother.

PCBs

Polychlorinated biphenyls, a class of highly toxic chemical compounds used in various industrial applications and known for their environmental persistence and health impacts.