Which of the Following Is an Example of a Competitive

question 32

Multiple Choice

Which of the following is an example of a competitive strategy employed by a firm?

• A) increasing the price of its product when raw material prices increase
• B) laying off staff in order to cut down costs during a recession period
• C) advertising its products nationwide like its competitor organizations
• D) launching a unique product targeted at a section of consumers

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Definitions:

Outlier

An unusually small or unusually large data value.

Regression Analysis

A set of statistical processes for estimating the relationships among variables.

Residual

The difference between an observed value and the value predicted by a model.

Multiple Regression Model

A statistical technique used to predict the value of a dependent variable based on the values of two or more independent variables.