How Can a Company Find Its Way Out of a Market

question 130

Multiple Choice

How can a company find its way out of a market characterized by pure competition?

• A) Consistently offer the lowest price until other competitors leave the market
• B) Increase prices and attract different,quality-oriented customers
• C) Decrease the amount of available product until the market reacts
• D) Increase the amount of available product to flood the market
• E) Differentiate the product in some way,even by packaging,so customers will see it as distinct

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Definitions:

Interposition

A visual cue where one object partially blocks another, helping the observer gauge depth and order in a scene.

Elevation

A feeling of uplifting joy, pride, or satisfaction that arises when witnessing acts of virtue or moral beauty.

Convergence

In psychology, it refers to the inward movement of both eyes toward each other, usually in an effort to maintain a single binocular vision when viewing an object.

Retinal Disparity

The slight difference in the visual images that the two eyes perceive because of the different angles in which each eye views the world, contributing to depth perception.