Differentiation Allows a Company To

question 69

Multiple Choice

Differentiation allows a company to:

• A)respond to demands of deep price demands from powerful buyers and still make money.
• B)lower its cost structure.
• C)charge a premium price for its good or service.
• D)charge low prices and still make profits. E)initiate a price war in order to grow volume and drive its weaker rivals out of the industry.

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Definitions:

Deceptive Advertising

Advertising that misleads consumers, either by unjustified claims concerning a product's performance or by failure to disclose relevant information concerning the product's composition or performance.

Federal Level

Pertaining to the national government, as opposed to state or local levels, involving laws, courts, and matters of country-wide importance.

Strict Liability

A legal doctrine holding an individual or entity responsible for their actions or products without the need to prove fault or negligence.

Unreasonably Dangerous

Describes a product or condition that poses a significant risk of injury to individuals under normal use or foreseeable misuse.