Firms Seek to Differentiate Their Product

question 70

Multiple Choice

Firms seek to differentiate their product

• A) to avoid state and federal regulation.
• B) to create an illusion of value.
• C) to strengthen their demand and to make it more inelastic.
• D) to strengthen their demand and to make it more elastic.

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Definitions:

Neustonic

Pertaining to the thin surface layer of an aquatic environment where organisms may float or swim.

Experience Turnover

The rate at which employees leave a workplace and are replaced by new personnel.

Brittle Stars

Ophiuroidea, a large class of echinoderms that are characterized by their long, slender, and often highly flexible arms, which distinguish them from starfish.

Benthos

Bottom-dwelling sea organisms that fix themselves to one spot, burrow into the sediment, or simply walk about on the ocean floor.