In the Quest to Achieve Competitive Advantage in Global Markets,competitive

question 74

Multiple Choice

In the quest to achieve competitive advantage in global markets,competitive pressures require that firms do what they can to ________ unit costs so that consumers will not perceive their product and service offerings as too expensive.

• A) raise
• B) decentralize
• C) define
• D) lower

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Definitions:

Covariation Principle

A principle used to explain how people attribute cause; they note the pattern between the presence or absence of possible causal factors and whether the behavior occurs.

Inference

The process of drawing conclusions from available evidence or premises, often used in reasoning and problem-solving.

Kelley's Covariation Model

A psychological theory that explains how individuals attribute cause to events based on the pattern of covariation between event and possible causes, considering consistency, distinctiveness, and consensus.

Zombie-Themed

Relating to or characteristic of creative works, events, or merchandise inspired by zombies or the concept of a zombie apocalypse.