Which of the Following Is True with Regard to the Same

question 126

Multiple Choice

Which of the following is true with regard to the same for less value proposition?

• A) Discount stores and "category killers" rarely use the same-for-less value proposition.
• B) The same-for-less value proposition is mostly offered by marketers who sell higher quality upscale products or services.
• C) The same-for-less value proposition cannot generate profits.
• D) Offering the same for less can be a powerful value proposition because everyone likes a good deal.
• E) The same-for-less positioning involves meeting consumers' lower performance or quality requirements at a much lower price.

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Definitions:

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the net benefit to society, considering both production and desires of consumers.

Simultaneous Consumption

A consumption pattern in which a product or service is consumed by multiple users at the same time without reducing its availability to others.

Economies of Scale

The financial benefits companies experience from expanding their operation's size, where there's a general trend of decreasing unit costs with the growth in scale.