Competing Companies Deploy Whatever Means Necessary to Strengthen Market Position

question 126

Multiple Choice

Competing companies deploy whatever means necessary to strengthen market position, including all of the following EXCEPT

• A) marketing tactics including special sales promotions such as introducing new or improved features or increasing the number of styles to provide greater product selection.
• B) differentiating their products by offering better performance features than rivals.
• C) improving innovation to increase product performance and quality.
• D) making efforts to expand dealer networks.
• E) reducing distribution capabilities and market presence.

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Definitions:

Used-car Fraud

Deceptive practices related to the sale of pre-owned vehicles such as rolling back the odometer, not disclosing past damage, or falsifying service history.

Truth in Lending Act

A U.S. federal law enacted in 1968 to help protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key terms of the lending arrangement and all costs.

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.

Finance Charge

Fees and interest charges associated with the borrowing of money or the extension of credit.