DreamRim Tires Manufactured a Batch of Faulty Tires

question 73

Multiple Choice

DreamRim Tires manufactured a batch of faulty tires. It apologized to all the customers who purchased the tires and gave them free replacements and a discount coupon for their next purchase. This is an example of a(n) _____.

• A) proactive strategy
• B) defensive strategy
• C) reactive strategy
• D) accommodative strategy

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Definitions:

Marginal Cost

Refers to the expense associated with manufacturing one extra unit of a particular item.

Perfectly Competitive Eatery

A theoretical model where a restaurant operates in a market with many buyers and sellers, none of which can influence prices.

Breakfast Special

A promotional deal or menu option offered by restaurants specifically for breakfast meals, often at a reduced price.

Costs

The expenses or value sacrificed in the production or procurement of goods and services.