Which of the Following Examples Displays a Firm with a Competitive

question 43

Multiple Choice

Which of the following examples displays a firm with a competitive advantage achieved through quality?

• A) An organization that is famous for its durable products
• B) A corporation that reduces its expenses by finding new production processes
• C) A firm that delivers goods and services faster than its competitors
• D) An organization that gains profits by charging less prices
• E) A company that tailors its goods and services to fit consumer needs and preferences

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Definitions:

Token Passing

"A technique in which tokens are circulated among nodes in a communication network."

Media Access Method

A protocol that determines how multiple devices on a network share access to the physical media of that network.

One Bit

The smallest unit of data in computing, representing a 0 or 1, used in digital communications and processing.