Nick, a Professional Magician, Is Often Invited to Perform Magic

question 38

Multiple Choice

Nick, a professional magician, is often invited to perform magic tricks at birthday parties and other social gatherings from across the country. However, he offers his services only to clients who stay in the same city as him. He is also known to charge less than other magicians in the city. Nick is pursuing which generic business strategy?

• A) Improved services
• B) Right-time marketing
• C) Focused low-cost
• D) Broad low-cost
• E) Deterrence strategy

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Definitions:

GDP

Gross Domestic Product, a measure of a nation's total economic output and an indicator of its economic health.

Dumping

The sale of a product in a foreign country at prices either below cost or below the prices commonly charged at home.

Domestic Producers

Enterprises and individuals within a country that produce goods and services.