Surge Manufacturing Sells Its Products by Using a Wide Variety

question 48

Multiple Choice

Surge Manufacturing sells its products by using a wide variety of channels, including the Internet.This gives the firm:

• A)product excellence.
• B)customer excellence.
• C)operational excellence.
• D)procedural excellence.
• E)locational excellence.

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Definitions:

Over-Confidence

A cognitive bias where an individual's belief in their own abilities or the prospects of a situation are excessively optimistic beyond what evidence supports.

Regret Aversion

A psychological effect where individuals avoid making decisions that could result in action-based regret, affecting investment choices and risk-taking behaviors.

Short-Term Losses

Financial losses realized on the sale or exchange of an asset held for one year or less.