Each of the Following Is a Critical Success Factor (CSF)of

question 37

Multiple Choice

Each of the following is a critical success factor (CSF) of the Old Economy except

• A) deliver high-value products.
• B) compete to sell product.
• C) build market share to get economies of scale.
• D) create new partnerships, stay with core competency.

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Definitions:

Information About Quality

Knowledge or data regarding the characteristics or attributes of a product or service that determine its overall value to a consumer.

Product-Variety Externality

External benefits or costs to society resulting from a variety of products beyond what would be provided by market forces alone.

Business-Stealing Externality

A negative externality that occurs when new products or services enter a market, reducing the sales and profitability of existing products or services.

Spillover Costs

Costs that affect parties who are not directly involved in a transaction or economic activity.