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.

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Definitions:

Privity

A relationship between two parties that is recognized by law, such as a contractual relationship.

Contractual Relation

The connection between parties that is established by the terms and conditions of a contract.

Parties

Individuals, groups, or entities that are directly involved in a legal transaction or dispute.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 that sets new or enhanced standards for all U.S. public company boards, management, and public accounting firms, aiming to protect investors from fraudulent financial reporting.