Many Firms Are Finding It Is Difficult to Compete Successfully

question 2

Multiple Choice

Many firms are finding it is difficult to compete successfully on cost leadership or differentiation alone, and they must, in fact, compete on both:

• A) Cost and design.
• B) Price and functionality.
• C) Cost and price.
• D) Design and functionality.
• E) Cost and functionality.

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Definitions:

Overextending

Taking on too many tasks or commitments, which can lead to stress and difficulty in fulfilling responsibilities.

Holophrases

Single-word expressions used by young children that convey complex meanings or sentences complete in thought.

Vocabulary

The set of words known and used by a person in speaking and writing.

Hand Babbling

Repetitive gestures and movements made by infants, analogous to the babbling sounds in early speech development, serving as a precursor to language acquisition.