If You Were to Create a Unique Industry Web Site

question 114

Multiple Choice

If you were to create a unique industry Web site for your customers that allowed them to build virtual communities with other customers by sharing knowledge, how would you be enhancing your competitive strategy?

• A) Through focus
• B) Through overall cost leadership
• C) Through loyalty enhancement
• D) Through differentiation

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Definitions:

Break-even Analysis

An assessment to determine the point at which revenue received equals the costs associated with receiving the revenue, indicating no net loss or gain.

Time Management Tool

A device or software used to organize, plan, and allocate one's time efficiently for tasks and activities.

Gross Profit Percentage

A financial metric that represents the proportion of revenue that exceeds the cost of goods sold, expressed as a percentage.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.