If a Company Wishes to Be a Price-Taker, Which of the Following

question 153

Multiple Choice

If a company wishes to be a price-taker, which of the following strategies should they take?

• A)enter a competitive market and focus on cost cutting
• B)produce a unique product
• C)exploit the value of a fashionable brand name
• D)differentiate the product clearly from the competitors

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Definitions:

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys and consisting of water, salts, urea, and other waste substances.

Urinary Bladder

Organ where urine is stored.

Openings

Natural or manufactured spaces that allow passage or access from one area to another.

Bladder

A hollow organ in the lower abdomen that stores urine from the kidneys before it is excreted from the body.