Which of the Following Is Most Likely to Use Internet-Based

question 61

Multiple Choice

Which of the following is most likely to use Internet-based knowledge systems to provide rapid online responses to service requests from customers in a broad market?

• A)cost leader
• B)differentiator
• C)focuser
• D)first mover

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Definitions:

Economic Inefficiency

A situation where resources are not allocated in the most beneficial manner, resulting in waste or a loss of potential gain.

Mutually Beneficial Transactions

Exchanges or deals that provide a gain to all parties involved, often used in the context of trade or economic transactions.

Insurance

A financial product that provides protection against losses or damages, typically in exchange for premium payments.

Exposure To Risk

The state of being open to damage or loss from factors outside of one’s control, often used in the context of investments and financial markets.