A Company with a Low Level of Efficiency and Low

question 31

Multiple Choice

A company with a low level of efficiency and low level of effectiveness is most likely to produce:

• A) a product that customers want, but that is too expensive for them to buy.
• B) a product that customers want at a quality and price they can afford.
• C) a low-quality product that customers do not want.
• D) a high-quality product that customers do not want.
• E) a high-quality product that the company makes a profit on.

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Definitions:

Essential Purpose

The main or critical reason for which something exists or is done, especially in a legal or contractual context.

Usage of Trade

A common practice or method of dealing recognized and accepted in a particular industry or trade.

Usage of Trade

Customary practices and standards within a particular industry or market that are considered legally binding in commercial transactions.

Exclusive Remedy

A sole solution or legal recourse available to a party under a contract in the event of a breach, often limiting other forms of legal action.