Which of the Following Is the Best Response a Company

question 110

Multiple Choice

Which of the following is the best response a company can make to competitive threats?

• A) continuous innovation
• B) surrender to the competitor
• C) exit from the market
• D) divestment
• E) globalization

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Definitions:

Significant Differences

Implies statistically or practically meaningful discrepancies between data sets, groups, or results.

Quality of Production

The degree to which products or services meet or exceed customer expectations in terms of features, reliability, and performance.

Error Rates

The frequency of errors or mistakes occurring in a process, system, or activity, typically expressed as a percentage or ratio.

Output Standards

Predetermined levels of performance or production that serve as benchmarks for evaluating the efficiency and effectiveness of processes.